Oyo hotel and casino las vegas

Oyo hotel and casino las vegas

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Oyo Hotel & Casino

Casino hotel in Las Vegas, Nevada

Oyo Hotel & Casino

The Hooters-era property in

Location Paradise, Nevada, U.S.
Address East Tropicana Avenue
Opening dateJuly 26, ; 50 years ago&#;(July 26, )
No. of rooms
Total gaming space30,&#;sq&#;ft (2,&#;m2)
Permanent shows
  • Cons of Comedy
  • Gordie Brown
  • The Hilarious 7
Notable restaurants
Casino typeLand-based
OwnerHighgate & Oyo Hotels & Homes
Operating license holderParagon Gaming
Previous namesHoward Johnson Hotel(–)
Paradise ()
20th Century ()
Treasury (–)
Pacifica ()
Polynesian (–)
Hôtel San Rémo (–)
Hooters Casino Hotel (–)
Renovated&#;in, , , , , ,
Websitethisisnl.nl

Oyo Hotel & Casino[a] is a casino hotel near the Las Vegas Strip in Paradise, Nevada, United States. It is owned by Highgate and Oyo Hotels & Homes, and its casino is operated by Paragon Gaming. It is located east of the Strip and next to the Tropicana resort. The hotel has rooms with a 30,square-foot (2,&#;m2) casino.

The property originally opened on July 26, , as a Howard Johnson's hotel. Since then, it has changed ownership and names several times, most recently operating as the Hotel San Remo[b] (–) and the Hooters Casino Hotel (–), the latter in partnership with the Hooters restaurant chain. The hotel includes the original story tower and an story addition added in

History[edit]

Howard Johnson Hotel (–)[edit]

The hotel was originally a Howard Johnson's Motor Lodge. Construction began in September [1] It was developed at a cost of $8 million,[2] by a group of local businesspersons led by Paul Oesterle.[1] It was built along Tropicana Avenue, just east of the Las Vegas Strip and adjacent to the Tropicana resort.[3] The Howard Johnson Hotel opened on July 26, [4][5] A gaming license was issued for the property later that year, allowing the operation of slot machines.[6]

The hotel included rooms,[2] spread across a story tower and two-story bungalows.[7][8] By , Oesterle had plans to expand the hotel by adding three additional story towers with new rooms.[9] However, his company Oesterle Nevada soon declared bankruptcy as it was unable to pay its debts.[10]Eureka Federal Savings and Loan, holder of the hotel's mortgage, foreclosed on the property and bought it at auction for $ million in March [11]

Ownership changes and renamings (–)[edit]

In September , Eureka sold the Howard Johnson's to Bernard Nemerov, a former part owner of the Riviera casino, for $10 million.[12] Nemerov renamed it as the Paradise Hotel.[12][13] He reopened the property's casino on New Year's Day [12][13] Five months later, the Paradise was targeted in a credit scam by 54 mobsters associated with the Philadelphia crime family.[14] The scheme left the casino with insufficient cash to operate, and it was forced to close and went bankrupt.[14]

The property was purchased in by a group led by New York businessman Andrew DeLillo, who then renamed it as the 20th Century.[15][16] It was later sold to Herb Pastor, owner of the Coin Castle and Golden Goose casinos in Downtown Las Vegas, who renamed the 20th Century as the Treasury Hotel.[17][18] At that time, the property featured a country western theme.[19]

Former football player Gerry Philbin purchased the Treasury in for $20 million; the casino closed at that time because Philbin had not obtained a gaming license, though the hotel continued to operate.[20] By the end of the year, Philbin was forced to put the hotel into Chapter 11 bankruptcy protection.[21]

In , the DeLillo family regained ownership of the Treasury through foreclosure and renamed it as the Pacifica Hotel.[22] It was announced that the Pacifica would be marketed to gay travelers, but this plan proved controversial and was soon abandoned.[23][24] Later that year, the Pacifica was renamed as the Polynesian Hotel.[22]

Hotel San Remo (–)[edit]

San Remo in

The property in , following the Hooters conversion

In , it was purchased by Sukeaki Izumi, a Japanese industrialist and hotelier, who renovated it with an Italian Riviera ambience and renamed it the Hotel San Remo.[25][b] He paid a reported $30 million for the purchase and renovation.[25] During its initial years, the San Remo was affiliated with the Ramada hotel chain.[26][27] It became popular as a bargain property.[28] A second hotel tower, rising 18 stories, was finished in It brought the total room count to ,[29][30] and the San Remo now employed workers.[31]

In , Izumi's company, Eastern and Western Hotel Corp., began looking for opportunities to grow the hotel. The company sought to take advantage of heavy development that had occurred at the nearby Tropicana – Las Vegas Boulevard intersection since [32][33] Hooters approached with a redevelopment proposal.[32] Ultimately, a group of nine partners in Hooters of America acquired a two-thirds interest in the property, which was put under control of a joint venture, East Tropicana, LLC.[32] Plans were announced in August to redevelop the San Remo as a Hooters brand casino and hotel.[32] Hooters of America, owner of the Hooters trademark, would receive 2% of revenue as royalties.[34]

Of the property's many names, San Remo had the longest run.[35] Hooters launched a nine-month, $ million renovation in , as part of the rebranding effort. The entire property was renovated, including its hotel.[35][36] The room count was reduced to , the result of several units being converted into suites.[37]

Hooters Casino Hotel (–)[edit]

Hooters Casino Hotel opened on February 2, ,[36][38] the weekend of Super Bowl XL. The opening was low-key for a Las Vegas debut, with a handful of celebrities in attendance, such as TV personality Brooke Burke.[39][40]

Roadside sign

A Hooters Girl table dealer

The casino included an on-site Hooters restaurant. Former Miami Dolphins quarterback Dan Marino also opened a steak and seafood restaurant known as Dan Marino's Fine Food and Spirits.[36][41] The hotel-casino employed 1, workers,[42] including more than of the restaurant chain's signature Hooters Girls,[43] who worked at the property as waitresses, bartenders, cocktail servers, and casino dealers.[36]

The hotel-casino was promoted at more than Hooters restaurant locations.[44] The property struggled in its early years, but still proved to be more profitable than the San Remo.[44][45] Roughly 80 percent of its clientele was male.[46] The Hooters brand was found to be a turn-off for female gamblers,[44][47][48] as well as wealthy tourists and business travelers. The property also appealed to a younger demographic, whereas casinos generally relied on a middle-age clientele. To increase profits, the property added new slot machines and began marketing to an older demographic.[44] Hooters began to turn a profit in , after taking cost-cutting measures, such as staff reductions.[49] The casino was popular for its $3 minimum blackjack, and its Hooters restaurant was the chain's most profitable location.[3]

During , East Tropicana accepted an unsolicited offer from Hedwigs Las Vegas Top Tier, a joint venture of NTH Advisory Group and Silverleaf Real Estate, to buy the property for $ million (including assumption of $ million in debt).[50] Hedwigs planned to redesign and rebrand the casino once again, as a "lifestyle, entertainment-driven boutique hotel".[51] Analysts called the agreement "curious" given Hooters's poor earnings performance.[50] The deal fell through in June when Hedwigs failed to make a required payment.[52] Profits fell again that year, due to the Great Recession.[45]

With revenue declining, the casino began defaulting on loan payments in April [53] Canpartners Realty Holding Co., a subsidiary of Canyon Capital, bought up much of the company's debt at a heavy discount and planned to foreclose on the hotel.[54] The owners, seeking to block foreclosure, filed for Chapter 11 bankruptcy in August , listing only $63 million in assets against liabilities of $ million.[55][56] After a planned February auction attracted no outside bidders, the bankruptcy court approved Canpartner's $60 million credit offer for the property, with the sale expected to close around March [57] The Navegante Group was approved to manage casino operations, while Canyon Capital said it was seeking a major hotel chain to take over and rebrand the property.[58]

In May , Canyon Capital sold the casino to Trinity Hotel Investors, based in New York, for $70 million.[59][60] At first, Trinity was expected to rename the property and place it under the management of Holiday Inn,[61] but they later decided to retain the Hooters branding.[62] Trinity hired Paragon Gaming to replace Navegante as the property's operator in [62][63]

Joystixx, a and-over video game lounge, had opened in ,[64][65] but it saw minimal success and was replaced a year later by the Saloon, featuring live music.[66][67] The Saloon was added as part of a property-wide remodel.[66] Another renovation, costing $18 million, was underway in The project included makeovers of the casino floor and hotel rooms.[68][69] The world's largest Steak 'n Shake restaurant, with seating for people, opened inside the Hooters casino in [70][71]

Oyo Hotel & Casino (–present)[edit]

In August , Oyo Hotels & Homes partnered with New York-based investment and management company Highgate to purchase the property for $ million. They announced plans to rename it as Oyo Hotel & Casino Las Vegas,[a] while retaining the Hooters restaurant.[72][73] The Oyo rebranding process began on September 16, ,[74] and included restaurant upgrades as part of a $20 million renovation.[75] The casino floor is 30,&#;sq&#;ft (2,&#;m2).[73]

Live entertainment[edit]

The San Remo featured budget-priced entertainment in the s.[76][77] Among its offerings was Showgirls of Magic, which ran from to ,[78][79] in the seat Parisian Cabaret.[80] The show included dancing and comedy. It was produced, directed and choreographed by Bonnie Saxe, mother of magician Melinda Saxe.[76][81][82] In , the show was renamed Les Trix, capitalizing on the Strip's opening of the Paris Las Vegas resort.[83][84] By , the name had been changed back to Showgirls of Magic,[85] and the show was revamped.[86] It initially featured a family friendly edition, followed by a topless version later in the evening; the former was eliminated in , in favor of another topless performance.[87]

Broadway Cabaret, another show in the s, featured songs from various Broadway musicals.[77][88][89] In , the San Remo debuted Night Madness, a music and magic show starring Julie McCullough and Corinna Harney.[90][91] Comedian Bobby Slayton performed at Hooters from to [92][93] Comedian Geechy Guy created The Dirty Joke Show a year later.[94][95]

Purple Reign, a tribute show to the musician Prince, opened at Hooters in [96]Men of X, a male stripper revue, also opened that year.[97][98]Raack N Roll, a show featuring topless female dancers, debuted in [99] The three shows closed in , allowing renovation work to commence on the property's performance venue.[]

A dinner and magic show, featuring the duo Jarrett & Raja, opened at Hooters in [] Other entertainment included singer Gordie Brown and the show Cons of Comedy.[][][]Cherry Boom Boom, a show featuring female dancers and rock and roll music, opened in [] That year, Hooters also debuted Hilarious 7, featuring a rotating lineup of seven comedians, each giving a minute performance.[]

Notes[edit]

  1. ^ abStylized as "OYO".
  2. ^ abStylized as Hôtel San Rémo.

References[edit]

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External links[edit]

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