Who says sex sells? The Hooters Casino Hotel in Las Vegas has filed for bankruptcy.
The former Howard Johnson Hotel site, which rebranded as Hooters and opened during Super Bowl weekend in 2006, filed for bankruptcy protection on Monday, according to the Las Vegas Review Journal.[more]
The owner of the 696-room casino, 155 East Tropicana LLC, is separate from the 455 Hooters restaurants across the globe, which are owned or franchised by Hooters of America LLC in Atlanta. The organization is attempting to restructure its millions of dollars of debt, the paper reports.
“In its initial filing in U.S. Bankruptcy Court for Nevada listed assets of $10 million to $50 million, with liabilities of more than $100 million,” the report adds.
U.S. Bank is the largest creditor of the hotel, with $162.2 million owed. That’s followed by Sysco Food Services at $139,154 and International Game Technology at $125,896.
British tabloid The Daily Mail reports that the casino has never turned a profit, and has received “very mixed feedback from customers.”
Of the 1,001 comments the Mail scanned about the casino/hotel on tripadvisor.co.uk, 159 of them rate the resort-hotel as ‘terrible,’ 156 as ‘poor,’ and 231 as ‘average,’ the Daily Mail claims, adding that: “Complaints range from rooms having strange smells to ‘unfriendly’ staff.” (The photo below, from its Facebook page, certainly looks less glam than the night shot above, from the hotel’s website.)
“We regret that we have been unable to reach an acceptable settlement with our new bondholder,” the company said in a statement. “We are confident that an orderly and transparent Chapter 11 process will provide the company with the opportunity to properly restructure its balance sheet and emerge as a stronger company.”
Perhaps one of the hotel’s nightly acts, The Mentalist, could have warned that this was coming?