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Budget Hotel Chain Oyo Continues Meteoric Growth With Vegas Hooters Acquisition

Danni Santana

Skift Take

Oyo is opening, on average, one new hotel per day. It should be available in all 50 U.S. states in no time.

Oyo Hotels and Homes has made its first property acquisition in the U.S, purchasing the Hooters Casino Hotel Las Vegas, the company announced Friday. The deal, completed in partnership with hotel investment and management company Highgate, is said to be valued at $135 million, according to a Wall Street Journal report. The 657-room property will also be renamed Oyo Hotel & Casino Las Vegas after renovations are completed later this year. Oyo CEO Rites

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