Viceroy Hotels Limited, a Hyderabad-based hospitality company, is preparing to acquire SLN Terminus Hotels & Resorts Pvt. Ltd., the owner of Marriott Executive Apartments, Hyderabad, for a total consideration of INR 206 crore. The Marriott-branded property operates at SLN Terminus in Gachibowli, one of Hyderabad’s key business and IT hubs.
In a filing with the Bombay Stock Exchange, the company stated that shareholders of Viceroy Hotels Limited approved the acquisition at an Extraordinary General Meeting held on December 27. Moreover, according to company information, a senior executive involved in the discussions indicated that the transaction supports Viceroy Hotels’ long-term strategy focused on asset consolidation, expansion of its premium portfolio, and sustained growth across major urban markets.
Viceroy Hotels has outlined plans to scale its portfolio to 1,000 keys by 2030. This growth will build on its existing base of approximately 470 keys, along with the addition of nearly 200 keys through an upcoming greenfield project in Hyderabad.
Furthermore, the proposed transaction adopts a comprehensive integration structure and, accordingly, includes the purchase of land, the settlement of inter-corporate loans, and the acquisition of equity shares. Of the total consideration of INR 206 crore, approximately INR 105.66 crore is allocated to land acquisition, while INR 40.67 crore is designated for settling inter-corporate loans and INR 59.67 crore for the purchase of equity shares. Consequently, subject to the completion of due diligence and receipt of regulatory approvals, SLN Terminus Hotels & Resorts Pvt. Ltd. will become a wholly owned subsidiary of Viceroy Hotels Limited.
Meanwhile, the evaluation of this acquisition coincides with a strong recovery in the Indian hospitality sector during 2024–25. The industry has recorded revenue growth of approximately 7–9 percent, supported by rising occupancies in premium hotels despite ongoing supply constraints.
Looking ahead, India’s tourism and hospitality market projects to reach nearly US$60 billion by 2028. Additionally, domestic travel will double by 2030, growing at an estimated compound annual rate of 13 percent, as rising incomes, improved connectivity, and sustained investment continue to drive the sector.
