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Hooters Hotel Sold for $70 Million

Las Vegas betting destination Hooters Hotel has been sold to Trinity Hotel Investors for $70 million, bringing an uncertain future for the flirty wing restaurant brand's Nevada resort.

The casino has been owned by Canyon Capital Advisors of Las Angeles since 2012 after the property was foreclosed on. Since its takeover, Canyon Capital stated its intention to sell the hotel.

The property sale was recorded as being $53.8 million, but the property inside the casino adds to the total, bringing it to the $70 million total. The hotel has been branded Hooters Hotel since 2006 when it was branded after the popular American restaurant chain. Prior to being known as Hooters Hotel, the property was called Paradise Hotel, Treasury, Polynesian, and Hotel San Remo.