That is interesting -- similarity of OYO and Hooter's logos.

But OYO has used that simple logo internationally for a while, so it seems just a coincidence. According to company info, they are based in India, with hotels in multiple international countries. Just starting to come to the USA.

OYO stands for "On Your Own", with the idea of no-frills value segment, when you are traveling "on your own" (I guess?)

Will probably take a while for the exterior signage to be changed to OYO.