Hooters sold to Creditor

Hooters casino hotel has been sold in bankruptcy proceedings. The buyer is the hotel's primary creditor, which placed a $60 million bid that was not matched.

Now we just have to wait and see what the new owners will do with the place. I suspect they won't do anything for a while, but I imagine they'll be looking to sell the property eventually.

If they can't find a buyer, I wouldn't be shocked to see the hotel close its doors.