In March of 2019, it was announced that Hooters Casino in Las Vegas had been sold to new ownership. The sale was completed for $60 million dollars and the new owners are a group of investors from California and Florida.
This is not the first time that Hooters Casino has changed hands, as it was previously owned by the investment group Colony Capital. However, this is the first time that the casino has been sold to new ownership since it opened in 2006.
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The new owners of Hooters Casino have not yet announced any plans for the property. However, it is likely that they will continue to operate it as a casino and hotel. Hooters Casino is located on the Las Vegas Strip and is known for its iconic orange bikini-clad waitresses.
The casino has over 700 slot machines and 30 table games. It also has a sports book and a nightclub.
PRO TIP:In November of 2019, Los Angeles-based private equity firm, Chatter Capital, purchased the Hooters Casino Hotel in Las Vegas for an undisclosed amount. The hotel and casino will continue to operate under the Hooters brand.
The sale of Hooters Casino comes as no surprise, as the property has been on the market for several years. In fact, it was first listed for sale in 2015 for $70 million dollars. However, the asking price was later reduced to $55 million dollars.
It is unclear why the property did not sell at that time. However, it is possible that the current owners were waiting for the right buyer who was willing to pay the asking price.
Hooters Casino is just one of many properties on the Las Vegas Strip that has changed hands in recent years. In fact, there have been several billion-dollar deals on the Strip in recent years.
These deals show that there is still interest in investing in Las Vegas, despite the city’s recent economic downturn.
Who bought Hooters Casino in Las Vegas? A group of investors from California and Florida purchased the property for $60 million dollars. It is unclear what their plans are for the property but they are likely to continue operating it as a casino and hotel.
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