Joint Venture8 May 2025, 05:51 pm
Viceroy Hotels Ltd Enters Operating Agreement with Marriott Hotels India for Hyderabad Property
AI Summary
Viceroy Hotels Limited (VHL) has entered into an Operating Agreement with Marriott Hotels India Private Limited (MHIPL) on 08-May-2025. The agreement is for the operational management and service standards enhancement of VHL’s hotel property in Hyderabad, Telangana under the ‘Courtyard by Marriott’ brand. The agreement is expected to improve the service standards and operational efficiency of the hotel.
Key Highlights
- Viceroy Hotels Ltd has entered into an Operating Agreement with Marriott Hotels India Private Limited
- The agreement is for the hotel property situated at Madhapur Hyderabad, Telangana
- The agreement aims to enhance operational management and service standards under the ‘Courtyard by Marriott’ brand
- The agreement is expected to improve the service standards and operational efficiency of the hotel
- The land for the hotel belongs to the relatives of the Director and shareholder’s approval was granted at the Extra-Ordinary General Meeting held on 16-Apr-2025