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<p>SEOUL, SOUTH KOREA - JANUARY 12: A general view of Hooters restaurant on January 12, 2007 in Seoul, South Korea. The famous US restaurant is preparing to open for the first time in South Korea on January 18. (Photo by Chung Sung-Jun/Getty Images)</p>
UPDATE SEPT. 17: The sign outside of the former Hooters hotel-casino has been changed. The hotel-casino is now named the Oyo Hotel & Casino.
ORIGINAL STORY The Hooters hotel-casino on Tropicana Boulevard has been sold.
It was sold to Oyo Hotels & Homes, India's biggest lodging company, and its partner Highgate, a New York-based hotel investment and management company, for $70 million, according to San Diego Union-Tribune
Oyo says that it will rebrand Hooters as Oyo Hotel and Casino. They plan to spend about $20 million to renovate the hotel, which will remain open during the renovation.
Copyright 2019 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.