OYO partners with Highgate to open first flagship property in Las Vegas

Hospitality firm OYO on Friday said it has partnered with hospitality investment and management company Highgate to open first key flagship property -- OYO Hotel & Casino in Las Vegas, US. The property will undergo a transformation, which is to be completed by this year.

Highgate will assume the management of the hotel, and Paragon Gaming will continue to operate the casino, the company said in a statement. "With our newest hotel at Las Vegas, we are excited to cater to a completely different audience segment and are certain that this will be the perfect start to OYO’s journey in Las Vegas," OYO Hotels & Homes founder & CEO Ritesh Agarwal said.

Earlier in June, OYO had announced plans to invest USD 300 million in the US, he added. "OYO Hotel & Casino offers a tremendous opportunity for Highgate to partner with a visionary company like OYO in one of the world’s most dynamic hospitality markets,” Neil Luthra, a principal of Highgate said.