OYO raising $200 million to buy luxury hotels in US: Report

OYO is reportedly in talks with several financial institutions to raise $200 million to buy premium and luxury hotels in America. "OYO is going to create a separate entity in the US to help it acquire and run four and five-star hotel assets," Livemint quoted its sources. OYO recently acquired Las Vegas' Hooters Casino Hotel for a reported $135 million.