Oyo Hotels and Homes is in talks to raise $200 million to expand its operations in the United States, Mint reported, citing two people aware of the development matter. The startup is in talks with various financial institutions to raise funds in order to buy premium and luxury hotels in the US.

“Oyo is going to create a separate entity in the US to help it acquire and run four and five-star hotel assets in America… is in talks with several financial institutions to raise debt to fund these transactions," one of the people was quoted as saying in the Mint report.

India's largest operator of hotels, which bought Hooters Casino Hotel in Las Vegas last month, has identified the premium hotels segment as its area of focus in the global arena.

This push towards premium category outside India is important as it points towards a departure from the company’s strategy in India.