Coordinates:36559N115103W

HootersCasinoHotel
FromWikipedia,thefreeencyclopedia

HootersCasinoHotelisahotelandcasinolocatedofftheLas
VegasStripinParadise,Nevada,UnitedStates.Itisownedby
TrinityHotelInvestorsandoperatedbytheNaveganteGroup.It
islocatedofftheStripnexttotheTropicanaandacrossthestreet
fromtheMGMGrandLasVegas.Thehotelhas696roomswith
a35,000squarefoot(3,300m2 )casino.

HootersCasinoHotel

Contents
1 History
1.1 HowardJohnsonHotel(19731975)
1.2 ParadiseHotel(19751976)
1.3 Ownershipchangesandrenamings(1976
1989)
1.4 HtelSanRmo(19892006)
1.5 HootersCasinoHotel(2006present)
2 Facilitiesandentertainment
3 Hotelrevenue
4 Otheruseofname
5 References
6 Externallinks

History
HowardJohnsonHotel(19731975)
ThehotelwasbuiltbytheOesterleNevadaCorp.for$8million,
andopenedin1973asaHowardJohnsonHotel.[1]

ParadiseHotel(19751976)
Itwaspurchasedin1975for$7.6millionbyEurekaSavingsand
Loan,afterOesterleNevadadeclaredbankruptcy.[1][2]Laterthat
year,itwassoldfor$10milliontoBernardNemerov,aformer
partowneroftheRivieracasino,whoplannedtoaddasmall
casinoandrenamethepropertyastheParadiseHotel.[1]
In1976,theParadisewastargetedinacreditscamby54
mobstersassociatedwiththePhiladelphiacrimefamily.[3]The
schemeleftthecasinowithinsufficientcashtooperate,anditwas
forcedtocloseandwentbankrupt.[3]

Ownershipchangesandrenamings(19761989)

Location

Paradise,Nevada

Address

115EastTropicanaAvenue

Openingdate

February2,1973

Numberof
rooms

696

Totalgaming
space

35,000sqft(3,300m2)

Permanent
shows

PurpleReign,MenofX,Dirty
JokeShow

Notable
restaurants

DanMarino's

Casinotype

Landbased

Owner

TrinityHotelInvestors

Operating
licenseholder

NaveganteGroup

Previous
names

HowardJohnsonHotel
Paradise
Treasury
Pacifica
Polynesian
HtelSanRmo (19892006)

Renovatedin

2002
2004
2006

Website

hooterscasinohotel.com(http://ho
oterscasinohotel.com)

Itwentthroughfurtherownershipchangesandrenamings,tothe20thCentury,theTreasury,thePacifica,andthe
Polynesian.[4]

HtelSanRmo(19892006)
In1989,itwaspurchasedbySukeakiIzumi,aJapaneseindustrialistand
hotelier,whorenovateditwithanItalianRivieraambienceandrenamedit
theHtelSanRmo.[5]Hepaidareported$30millionforthepurchaseand
renovation.[5]In2002,thehotel,casino,andrestaurantswererefurbished.
Thehotelhad711roomswhilethecasinohad30,000squarefeet(3,000m)
ofspace.
In2004,Izumi'scompany,EasternandWesternHotelCorp.,beganlooking
foropportunitiestogrowthehotel,totakeadvantageoftheheavy
OldSanRemomarquee
developmentattheintersectionofTropicanaandLasVegasBlvd.since
1989.[6][7]Hootersapproachedwitharedevelopmentproposal.[6]
Ultimately,agroupofninepartnersinHootersofAmericaacquiredatwothirdsinterestintheproperty,whichwas
putundercontrolofajointventure,155EastTropicana,LLC.[6]PlanswereannouncedtoredeveloptheSan
RemoasaHootersbrandcasinoandhotel.HootersofAmerica,owneroftheHooterstrademark,wouldreceive2%
ofrevenueasroyalties.[8]
OnApril18,2005,Hootersannounceda$190millionupgradeoftheproperty,includingincreasingthecasinoto
35,000squarefeet(3,300m2 ).Allofthehotelroomswouldberemodeled,thepoolwouldbetripledinsize,andthe
numberofrestaurantswouldbeincreasedfrom4to8andincludethesecondlargestHootersrestaurantintheworld.
Therenovationswouldreducethenumberofroomsto696byconvertingroomsintolargersuites.

HootersCasinoHotel(2006present)
OnFebruary2,2006,theweekendofSuperBowlXL,HootersCasinoHotelofficiallyopeneditsdoorswitha
largeorangecarpetwelcomingnotonlythepublicbutmanystarsincludingKISSbassplayerGeneSimmons.[9]
FormerMiamiDolphinsquarterbackDanMarinoopenedDanMarino'sFineFoodandSpiritsrestaurantonthesame
daythecasino/hotelopened.
InJanuary2007,155EastTropicanaacceptedanunsolicitedofferfromHedwigsLasVegasTopTier,ajointventure
ofNTHAdvisoryGroupandSilverleafRealEstate,tobuythepropertyfor$225million(includingassumptionof
$130millionindebt).[10]Hedwigsplannedtoredesignandrebrandthecasinoonceagain,asa"lifestyle,
entertainmentdrivenboutiquehotel".[11]Analystscalledtheagreement"curious"givenHooters'spoorearnings
performance.[10]ThedealfellthroughinJune2008whenHedwigsfailedtomakearequiredpayment.[12]
Withrevenuedeclining,thecasinobegandefaultingonloanpaymentsinApril2009.[13]CanpartnersRealtyHolding
Co.,asubsidiaryofCanyonCapital,boughtupmuchofthecompany'sdebtataheavydiscountandplannedto
forecloseonthehotel.[14]Theowners,seekingtoblockforeclosure,filedforChapter11bankruptcyinAugust2011,
listingonly$63millioninassetsagainstliabilitiesof$163million.[15]AfteraplannedFebruary2012auction
attractednooutsidebidders,thebankruptcycourtapprovedCanpartner's$60millioncreditofferfortheproperty,
withthesaleexpectedtoclosearoundMarch30.[16]TheNaveganteGroupwasapprovedtomanagecasino
operations,whileCanyonCapitalsaiditwasseekingamajorhotelchaintotakeoverandrebrandtheproperty.[17]

InMay2015,CanyonCapitalsoldthecasinotoTrinityHotelInvestors,basedinNewYork,for$70million.[18]
TrinitywasexpectedtorenamethepropertyandplaceitunderthemanagementofHolidayInn.[19]

Facilitiesandentertainment
ShowsatHootershaveincludedPrincetributeshowPurpleReign,male
revueMenofX,toplessrevueRaackNRoll,andtheDirtyJokeShow.
ComedianBobbySlaytonperformedintheNiteOwlShowroomfromApril
2007toMarch2009.

Hotelrevenue
Hooter'shasoneofthelowestgamingrevenueforastripcasino,buthasone
ofthehighestratioofnongamingtogamingincome.
Operatingrevenue:CalendarYear2008:
Source
Dollars
Casino
$24,950,887
Food,beverageandentertainment $22,136,579
Hotelandother
$20,685,695
GrossOperatingRevenues
$67,773,161
Lesspromotionalallowances
($7,678,360)
NetOperatingRevenues
$60,094,801

AHootersCasinogirl

Netoperatingrevenuesfor2009isdown23.58%forthefirst9months.Thecasinohadanoperatinglossof$5.55
millionin2006,$0.96min2007,$6.19min2008,and$4.26mforthefirst9monthsof2009.[20]Thefirstquarterof
2010thecasinohadanoperatingincomeof$11.23m.[21]

Otheruseofname
ThereisanotherHootersbrandedcasino,whichisunrelatedtotheLasVegasproperty,calledHootersOwlClub
Casino,locatedinSpokaneValley,Washington.ItisownedandoperatedbyHootWinc,Inc.aHootersrestaurant
licenseebasedinOceanside,California.WhiletheHootersrestaurantthereclosedinearlyJanuary2014,theOwl
ClubCasinoremains.[22]

References
1."FinanciallyailingVegashotelbought".NevadaStateJournal(Reno,NV).AP.September10,1975.
viaNewspapers.com(subscriptionrequired)
2."Nevadahotelsinbankruptcy".PittsburghPostGazette.AP.September25,1974.
3.GeorgeAnastasia(November23,2005)."FormerPhila.mobsterbannedfromA.C.casinos".PhiladelphiaInquirer.
Retrieved20150512.
4.JaneAnnMorrison(September4,2004)."OftenrenamedSanRemoresortseeksrenaissancewithHooterslabel".Las
VegasReviewJournalviaNewsBank.
5."JapaneseinvestorssayLasVegasworththegamble".ToledoBlade.28June1989.Retrieved14September2011.
6.Smith,Rod(18August2004)."HootersbrandscasinooffStrip".LasVegasReviewJournal.Retrieved14September
2011.
7.Mihailovich,Steven(18April2005)."Thehotelarestaurantbuilt".LasVegasBusinessPress.Retrieved14September
2011.
8.Vogel,Ed(21October2005)."HootersgetsOKfrompanel".LasVegasReviewJournal.Retrieved14September2011.

9.RichardAbowitz,HootersOpening(http://vegasblog.latimes.com/vegas/2006/01/hooters_opening.html),TheMovable
Buffet,LosAngelesTimes,January31,2006.
10.Ward,Matt(29January2007)."Hooterssalecalled'curious' ".LasVegasBusinessPress.Retrieved14September2011.
11.ArnoldM.Knightly,Hootersbrandwillgettheboot(http://www.lvrj.com/business/16209327.html),LasVegasReview
Journal,March4,2008.
12.MelindaPeer,[1](http://www.forbes.com/2008/06/09/hootershotelupdatemarketsequitycx_mp_0609markets27.html),
HootersHotelDealABust,Forbes.com,June9,2008.
13.Main,Carla(12August2011)."Lehman,Barzel,Harry&David,HootersCasino:Bankruptcy".BloombergBusinessweek.
Retrieved14September2011.
14.Green,Steve(12September2011)."Hooterscasinopressesforrighttoreorganize".VegasInc.Retrieved14September
2011.
15.Green,Steve(18August2011)."Hooterscasinolookingatcapitalorsaleoptions".VegasInc.Retrieved14September
2011.
16.Green,Steve(17February2012)."CompanytobuyHooterscasinowith$60millioncreditbid".VegasInc.Retrieved
1March2011.
17.Velotta,RichardN.(March7,2012)."RegulatorsquestionJimmyBuffettaboutdrugscrapes,endorselicensingrequest".
VegasInc.Retrieved20120907.
18."HootersCasinoHotelsoldfor$70million".KLASTV(LasVegas,NV).AP.May11,2015.Retrieved20150511.
19.JohnKatsilometes(May8,2015)."HootersCasinoHotelissnappedupfor$53.8million".LasVegasSun.Retrieved
20150509.
20."03/31/09Form10KAnnualreport".
21.http://google.brand.edgaronline.com/displayfilinginfo.aspx?FilingID=72580628119
42750&type=sect&TabIndex=2&companyid=673966&ppu=%252fdefault.aspx%253fcompanyid%253d673966
22."HootersclosesinSpokaneValley,2newrestaurantsopening".KREM.7January2014.Retrieved6February2014.

Externallinks
HootersCasinoHotel(http://www.hooterscasinohotel.com)
WikimediaCommonshas
mediarelatedtoHooters
hotel(LasVegas).

Retrievedfrom"https://en.wikipedia.org/w/index.php?
title=Hooters_Casino_Hotel&oldid=715509567"

Categories: SkyscraperhotelsintheLasVegasValley
CasinosintheLasVegasValley Hooters Casinoscompletedin1973
BuildingsandstructuresinParadise,Nevada Hotelsestablishedin1973 Hotelbuildingscompletedin1973
Casinohotels

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