Property could turn into a boutique casino targeted at higher-end customers

The new owners of the Hooters Casino Hotel in Las Vegas plan a $130 million hotel makeover and name change, according to a published report.

Santa Monica, Calif.-based Hedwigs Las Vegas Top Tier is completing financing for the $225 million purchase, and hopes to close the sale this spring, Hedwigs principal Richard Bosworth told the Las Vegas Review-Journal.

The redesign will incorporate the current structure, which is the former Hotel San Remo located off Tropicana Avenue east of the Las Vegas Strip.

Hedwigs made its third $500,000 nonrefundable, nonapplicable fee payment to retain purchase rights for the property that Hooters poured $130 million into renovating its first casino-hotel, which opened in February 2006.

The investment group is expected to announce a partnership with a “boutique” hotel operator to manage the rebranded property, and is negotiating with restaurant developers and nightclub owners, Bosworth told the newspaper.

Included in the redesign will be an expansion of the casino and a renovation of some of the hotel’s 727 rooms into suites. It is unknown if the hotel will remain open during the expected 18-month remake.

-Marian Green