Oyo Hotels & Homes has partnered with real estate investment and hospitality management company Highgate to create its first flagship property in Las Vegas, the Oyo Hotel & Casino Las Vegas.
Located on Tropicana Ave., the hotel will be a conversion of the Hooters Casino Hotel, and will have 657 rooms across 19 floors and a 35,000 square-foot casino. Public space will include two signature restaurants, four bars, a fitness center and an outdoor pool.
The property will undergo a renovation to be completed this year. Highgate will assume management of the hotel, and Paragon Gaming will continue to operate the casino.
“We are excited to be here as we believe Las Vegas is an exciting city in which to invest as the market continues to evolve with projects such as the new Las Vegas Raiders NFL stadium and the $1 billion expansion of the Las Vegas Convention Center,” said Abhinav Sinha, COO/partner, OYO Hotels & Homes USA. “We are increasingly exploring new ways to connect with our customers, from millennials to young executives and families, in every city we enter,,,We will be undergoing a renovation and will come up with some of the most-loved amenities and experiences that are sure to please Las Vegas visitors from around the world.”
Founder/CEO Ritesh Agarwal noted the company's $300 million investment in U.S. growth, where it launched earlier this year, and already has 112 hotels open in more than 60 cities in 21 states. “With our newest hotel in Las Vegas, we are excited to cater to a completely different audience segment and are certain that this will be the perfect start to Oyo’s journey in Las Vegas,” he said.