Hooters Casino Hotel
Encyclopedia
Hooters Casino Hotel is a hotel
casino
located off the Las Vegas Strip
in Paradise
, Nevada
, United States
. The hotel is owned and operated by 155 East Tropicana, LLC (Florida Hooters, LLC 66.67% & EW Common, LLC 33.33%). It is located off the Strip next to the Tropicana
and across the street from the MGM Grand Las Vegas
. The hotel has 696 rooms with a 35000 square feet (3,251.6 m²) casino.
The hotel was built in 1973 opening as a Howard Johnson Hotel
. It went through several ownership changes and renamings, to the Paradise, the Polynesian Paradise, and the Treasury Hotel.
In 1989, it was purchased by Sukeaki Izumi, a Japanese industrialist and hotelier, who renovated it with an Italian Riviera
ambience and renamed it the Hôtel San Rémo. He paid a reported $30 million for the purchase and renovation. In 2002, the hotel, casino, and restaurants were refurbished. The hotel had 711 rooms while the casino had 30,000 square feet (3,000 m²) of space.
In 2004, Izumi's company, Eastern and Western Hotel Corp., began looking for opportunities to grow the hotel, to take advantage of the heavy development at the intersection of Tropicana and Las Vegas Blvd. since 1989. Hooters approached with a redevelopment proposal. Ultimately, a group of nine partners in Hooters of America acquired a two-thirds interest in the property, which was put under control of a joint venture, 155 East Tropicana, LLC. Plans were announced to redevelop the San Remo as a Hooters brand casino and hotel. Hooters of America, owner of the Hooters trademark, would receive 2% of revenue as royalties.
On April 18, 2005 Hooters announced a $190 million upgrade of the property, including increasing the casino to 35000 square feet (3,251.6 m²). All of the hotel rooms would be remodeled, the pool would be tripled in size, and the number of restaurants would be increased from 4 to 8 and include the second largest Hooters restaurant
in the world. The renovations would reduce the number of rooms to 696 by converting rooms into larger suites.
On February 2, 2006, the weekend of Super Bowl XL
, Hooters Casino Hotel officially opened its doors with a large orange carpet welcoming not only the public but many stars including KISS
bass player Gene Simmons
. Former Miami Dolphins
quarterback Dan Marino
opened Dan Marino's Fine Food and Spirits restaurant on the same day the casino/hotel opened.
In January 2007, 155 East Tropicana accepted an unsolicited offer from Hedwigs Las Vegas Top Tier, a joint venture of NTH Advisory Group and Silverleaf Real Estate, to buy the property for $225 million (including assumption of $130 million in debt). Hedwigs planned to redesign and rebrand the casino once again, as a "lifestyle, entertainment-driven boutique hotel". Analysts called the agreement "curious" given Hooters's poor earnings performance. The deal fell through in June 2008 when Hedwigs failed to make a required payment.
With revenue declining, the casino began defaulting on loan payments in April 2009. Canpartners Realty Holding Co bought up much of the company's debt at a heavy discount and planned to foreclose on the hotel. The owners, seeking to block foreclosure, filed for Chapter 11 bankruptcy in August 2011, listing only $63 million in assets against liabilities of $163 million.
tribute show Purple Reign, male revue Men of X, topless revue Raack N Roll, and the Dirty Joke Show.
Comedian Bobby Slayton
performed in the Nite Owl Showroom from April 2007 to March 2009.
Net operating revenues for 2009 is down 23.58% for the first 9 months. The casino had an operating loss of $5.55 million in 2006, $0.96m in 2007, $6.19m in 2008, and $4.26m for the first 9 months of 2009.
Hooters Owl Club Casino, which is located in Spokane, Washington
. It is owned and operated by HootWinc, Inc. a Hooters restaurant licensee based in Oceanside, California
.
Hotel
A hotel is an establishment that provides paid lodging on a short-term basis. The provision of basic accommodation, in times past, consisting only of a room with a bed, a cupboard, a small table and a washstand has largely been replaced by rooms with modern facilities, including en-suite bathrooms...
casino
Casino
In modern English, a casino is a facility which houses and accommodates certain types of gambling activities. Casinos are most commonly built near or combined with hotels, restaurants, retail shopping, cruise ships or other tourist attractions...
located off the Las Vegas Strip
Las Vegas Strip
The Las Vegas Strip is an approximately stretch of Las Vegas Boulevard in Clark County, Nevada; adjacent to, but outside the city limits of Las Vegas proper. The Strip lies within the unincorporated townships of Paradise and Winchester...
in Paradise
Paradise, Nevada
Paradise is an unincorporated town in the Las Vegas metropolitan area in Clark County, Nevada, United States. The population was 223,167 at the 2010 census...
, Nevada
Nevada
Nevada is a state in the western, mountain west, and southwestern regions of the United States. With an area of and a population of about 2.7 million, it is the 7th-largest and 35th-most populous state. Over two-thirds of Nevada's people live in the Las Vegas metropolitan area, which contains its...
, United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. The hotel is owned and operated by 155 East Tropicana, LLC (Florida Hooters, LLC 66.67% & EW Common, LLC 33.33%). It is located off the Strip next to the Tropicana
Tropicana Resort & Casino
Tropicana Las Vegas is located on the Las Vegas Strip, in the township of Paradise, Nevada. It is owned by Tropicana Las Vegas Hotel and Resort Inc. and operated by Alex Yemenidjian's Armenco Holdings. It offers 1,658 rooms and is attached to a casino...
and across the street from the MGM Grand Las Vegas
MGM Grand Las Vegas
The MGM Grand Las Vegas is a hotel casino located on the Las Vegas Strip in Paradise, Nevada. The MGM Grand is the third largest hotel in the world and largest hotel resort complex in the United States in front of The Venetian. The MGM Grand was the largest hotel in the world when it opened in...
. The hotel has 696 rooms with a 35000 square feet (3,251.6 m²) casino.
History
Howard Johnson's
Howard Johnson's is a chain of hotels and restaurants, located primarily throughout the United States and Canada. Throughout the 1960s and 1970s, Howard Johnson's was the largest restaurant chain in the United States, with over 1,000 restaurants...
. It went through several ownership changes and renamings, to the Paradise, the Polynesian Paradise, and the Treasury Hotel.
In 1989, it was purchased by Sukeaki Izumi, a Japanese industrialist and hotelier, who renovated it with an Italian Riviera
Italian Riviera
The Italian Riviera, or Ligurian Riviera is the narrow coastal strip which lies between the Ligurian Sea and the mountain chain formed by the Maritime Alps and the Apennines...
ambience and renamed it the Hôtel San Rémo. He paid a reported $30 million for the purchase and renovation. In 2002, the hotel, casino, and restaurants were refurbished. The hotel had 711 rooms while the casino had 30,000 square feet (3,000 m²) of space.
In 2004, Izumi's company, Eastern and Western Hotel Corp., began looking for opportunities to grow the hotel, to take advantage of the heavy development at the intersection of Tropicana and Las Vegas Blvd. since 1989. Hooters approached with a redevelopment proposal. Ultimately, a group of nine partners in Hooters of America acquired a two-thirds interest in the property, which was put under control of a joint venture, 155 East Tropicana, LLC. Plans were announced to redevelop the San Remo as a Hooters brand casino and hotel. Hooters of America, owner of the Hooters trademark, would receive 2% of revenue as royalties.
On April 18, 2005 Hooters announced a $190 million upgrade of the property, including increasing the casino to 35000 square feet (3,251.6 m²). All of the hotel rooms would be remodeled, the pool would be tripled in size, and the number of restaurants would be increased from 4 to 8 and include the second largest Hooters restaurant
Hooters
Hooters is the trade name of two privately held American restaurant chains: Hooters of America, Incorporated, based in Atlanta, Georgia, and Hooters, Incorporated, based in Clearwater, Florida...
in the world. The renovations would reduce the number of rooms to 696 by converting rooms into larger suites.
On February 2, 2006, the weekend of Super Bowl XL
Super Bowl XL
Super Bowl XL was an American football game pitting the American Football Conference champion Pittsburgh Steelers against the National Football Conference champion Seattle Seahawks to decide the National Football League champion for the 2005 season...
, Hooters Casino Hotel officially opened its doors with a large orange carpet welcoming not only the public but many stars including KISS
KISS (band)
Kiss is an American rock band formed in New York City in January 1973. Well-known for its members' face paint and flamboyant stage outfits, the group rose to prominence in the mid to late 1970s on the basis of their elaborate live performances, which featured fire breathing, blood spitting,...
bass player Gene Simmons
Gene Simmons
Gene Simmons is an Israeli-American entrepreneur, singer-songwriter, actor, and rock bassist. Known as "The Demon", he is the bassist/vocalist of Kiss, a hard rock band he co-founded in the early 1970s.-Early life:...
. Former Miami Dolphins
Miami Dolphins
The Miami Dolphins are a Professional football team based in the Miami metropolitan area in Florida. The team is part of the Eastern Division of the American Football Conference in the National Football League...
quarterback Dan Marino
Dan Marino
Daniel Constantine "Dan" Marino, Jr. is a retired American football quarterback who played for the Miami Dolphins in the National Football League...
opened Dan Marino's Fine Food and Spirits restaurant on the same day the casino/hotel opened.
In January 2007, 155 East Tropicana accepted an unsolicited offer from Hedwigs Las Vegas Top Tier, a joint venture of NTH Advisory Group and Silverleaf Real Estate, to buy the property for $225 million (including assumption of $130 million in debt). Hedwigs planned to redesign and rebrand the casino once again, as a "lifestyle, entertainment-driven boutique hotel". Analysts called the agreement "curious" given Hooters's poor earnings performance. The deal fell through in June 2008 when Hedwigs failed to make a required payment.
With revenue declining, the casino began defaulting on loan payments in April 2009. Canpartners Realty Holding Co bought up much of the company's debt at a heavy discount and planned to foreclose on the hotel. The owners, seeking to block foreclosure, filed for Chapter 11 bankruptcy in August 2011, listing only $63 million in assets against liabilities of $163 million.
Facilities and entertainment
Shows at Hooters include PrincePrince (musician)
Prince Rogers Nelson , often known simply as Prince, is an American singer, songwriter, musician, and actor. Prince has produced ten platinum albums and thirty Top 40 singles during his career. Prince founded his own recording studio and label; writing, self-producing and playing most, or all, of...
tribute show Purple Reign, male revue Men of X, topless revue Raack N Roll, and the Dirty Joke Show.
Comedian Bobby Slayton
Bobby Slayton
Bobby Slayton is an American stand-up comedian known as "The Pit Bull of Comedy" and Yid Vicious. Slayton, a native of Scarsdale, New York, is probably best known for a supporting role in the 2001 film Bandits, and as a frequent guest on The Adam Carolla Show.He played Joey Bishop in the 1998...
performed in the Nite Owl Showroom from April 2007 to March 2009.
Hotel revenue
Hooter's has one of the lowest gaming revenue for a strip casino, but has one of the highest ratio of non-gaming to gaming income. The casino has never made money.| Source | Dollars | |
|---|---|---|
| Casino | $24,950,887 | |
| Food, beverage and entertainment | $22,136,579 | |
| Hotel and other | $20,685,695 | |
| Sum | $67,773,161 | |
| Less promotional allowances | ($7,678,360) | |
| Net operating revenues | $60,094,801 |
Net operating revenues for 2009 is down 23.58% for the first 9 months. The casino had an operating loss of $5.55 million in 2006, $0.96m in 2007, $6.19m in 2008, and $4.26m for the first 9 months of 2009.
Other use of name
There is another Hooters branded casino, which is unrelated to the Las Vegas property, calledHooters Owl Club Casino, which is located in Spokane, Washington
Spokane, Washington
Spokane is a city located in the Northwestern United States in the state of Washington. It is the largest city of Spokane County of which it is also the county seat, and the metropolitan center of the Inland Northwest region...
. It is owned and operated by HootWinc, Inc. a Hooters restaurant licensee based in Oceanside, California
Oceanside, California
-2010:The 2010 United States Census reported that Oceanside had a population of 167,086. The population density was 3,961.8 people per square mile...
.