Oyo, India’s biggest lodging company, is breaking into U.S. property with the $135 million purchase of a 657-room Las Vegas hotel
India’s biggest lodging company has acquired the Hooters Casino Hotel Las Vegas, its first U.S. property purchase under a global expansion.
Oyo Hotels & Homes and its partner Highgate, a New York-based hotel investment and management company, paid $135 million, according to people familiar with the matter. The acquisition, near the Las Vegas Strip, is being renamed Oyo Hotel & Casino Las Vegas.
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