Viceroy Hotels Ltd

Viceroy Hotels Ltd

Viceroy Hotels Ltd (Formerly known Palace Heights Hotels Limited) was founded in 1965. The Company operates a stately hotel 'Hotel Viceroy' at Gandhi Nagar in Hyderabad. Hotel Viceroy is a sophisticated new-generation hotel which provides royal luxury to businessmen and tourists. The hotel is an architectural masterpiece with majestic appeal lush greenery tranquil fountains and it is bestowed with an enchanting view of the Buddha statue in the Hussain Sagar lake. The hotel is located just 3 km from the airport and 5 km from the railway station. It has a beauty parlour a health club with gymnasium a swimming pool and a shopping arcade. The hotel has 3 conference rooms of different sizes for organising meetings seminars conferences etc. It has a coffee shop Patio overlooking the waterfalls at the swimming pool and a gallery bar with a breathtaking view of the sunset and the Hussain Sagar lake.The Company took up an expansion programme by adding 54 rooms with the existing 150 rooms.The capacity of the marriage hall wasn increased from 1500 to 3000 by acquiring additional land adjacent to the hall. The Company hived off its `Bangalore Project Division' to Viceroy Bangalore Hotels Private Limited on July 27 2011 in which `JPMorgan India Property Mauritius Company II' strategically invested Rs.90 Crores consequent to which `Viceroy Bangalore Hotels Private Limited' ceased to be Subsidiary of Company with effect from July 28 2011.In the year 2010 the Company opened Business Hotel Courtyard in Hyderabad adjacent to the Marriott Hotel Hyderabad. Similarly it sold Chennai Project division to M/s.Ceebros Hotels Pvt. Ltd. Chennai through slump sale. New Restaurants under the brand names Minerva & Blue Fox were launched during April and May 2015 respectively at Madhapur Hyderabad. In 2015-16 a new wholly owned subsidiary with name Banjara Hospitalities Private Limited was incorporated. Resulting to this the Company transferred its undertaking comprising land at Visakhapatnam to Banjara Hospitalities Private Limited by way of slump sale.