Viceroy Hotels Limited, a Hyderabad-based hospitality company, is set to acquire SLN Terminus Hotels & Resorts Pvt. Ltd., the owner of Marriott Executive Apartments, Hyderabad, for a total consideration of ₹206 crore. The property operates under the Marriott brand and is located at SLN Terminus in Gachibowli, one of Hyderabad’s prominent business and IT corridors.

In a regulatory filing, the company confirmed that its shareholders have approved the acquisition of SLN Terminus Hotels & Resorts Pvt. Ltd. at an Extra-Ordinary General Meeting. The proposed acquisition is seen as a strategic step in strengthening Viceroy Hotels’ premium hospitality portfolio and deepening its presence in high-growth urban markets.

According to company information, a senior executive involved in the discussions indicated that the acquisition aligns with Viceroy Hotels’ long-term plans for asset consolidation and sustained growth. The company has outlined an ambition to expand its portfolio to 1,000 keys by 2030, supported by its current inventory of around 470 keys and the planned addition of approximately 200 keys through an upcoming greenfield project in Hyderabad.

The transaction structure reflects a comprehensive integration approach. Of the total consideration, around ₹105.66 crore has been earmarked for land acquisition, ₹40.67 crore towards the settlement of inter-corporate loans, and ₹59.67 crore for the purchase of equity shares. Upon completion of due diligence and the necessary approvals, SLN Terminus Hotels & Resorts Pvt. Ltd. is expected to become a wholly owned subsidiary of Viceroy Hotels Limited.

Marriott Executive Apartments, Hyderabad, comprises 75 executive rooms spread across nearly 1.65 lakh square feet, along with ample parking facilities and an undivided land share of over 2,400 square yards. Financially, SLN Terminus has reported steady performance, with strong turnover, healthy profit after tax, and a solid net worth, backed by consistent revenue growth over the past three years.

The evaluation of this acquisition comes at a time when the Indian hospitality sector is witnessing a strong recovery, marked by rising occupancies in premium hotels and steady revenue growth despite supply constraints. Industry projections also point to robust long-term potential, with India’s tourism and hospitality market expected to see significant expansion, driven by increasing domestic travel, improved connectivity, and sustained investment activity.

Kaziranga National Park has marked a major milestone in its tourism journey, recording the highest-ever number of foreign tourists in a single tourism calendar. The park has seen a sharp rise in overall visitors, with foreign tourist numbers tripling over the last two years, pointing to a strong and positive trend in global interest.

In the first three months of the ongoing tourist season, Kaziranga witnessed a remarkable influx of visitors, with over 1.46 lakh tourists exploring the park. This included 1.39 lakh Indian visitors and 6,699 foreign nationals, making it the highest foreign tourist count ever recorded at the park during this period.

Officials from the Kaziranga National Park and Tiger Reserve (KNPTR) highlighted that the surge reflects sustained efforts to position the park on the global tourism map. “The highest-ever influx of foreign tourists to Kaziranga is a resounding testament to state govt’s visionary efforts in elevating it to a global status.,” said KNPTR director Sonali Ghosh. She further added, “The number of foreign tourists in Kaziranga has tripled in the last two years, indicating a very positive trend. It recorded the highest ever number of foreign tourists visiting the park in a tourism calendar within the first three months of the season.”

The growing presence of international travellers has also contributed positively to the park’s revenue and strengthened the local economy. Hoteliers and tourism stakeholders in Kaziranga have reported improved business, with many properties seeing high occupancy levels during the peak season.

Sharing insights from the hospitality sector, Secretary of the Kaziranga Hotel and Resort Association, Pankaj Gogoi, said, “The flow of tourists in Kaziranga has gone up noticeably this year. PM Narendra Modi’s Kaziranga visit last year definitely had a positive impact on tourists, and a decrease in rhino poaching incidents has also sent a positive message about the park to people around the world.”

Kaziranga’s rising popularity among foreign travellers reflects its strong conservation efforts, improved visibility, and growing confidence in its wildlife protection measures. As interest continues to build, the park stands out as one of India’s most sought-after wildlife destinations, drawing visitors from across the globe while supporting sustainable tourism and local livelihoods.

Indian Hotels Company (IHCL), India’s largest hospitality company, has further strengthened its presence in Bhutan with the opening of Taj Paro Resort & Spa. The launch marks a significant step in IHCL’s growth across the Indian Sub-Continent and reinforces its long-standing partnership with CG Hospitality Global, a member of CG Corp Global.

Commenting on the development, Mr. Puneet Chhatwal, Managing Director & CEO, IHCL said, “In line with our strategy of growing our footprint in the Indian Sub-Continent we are delighted to announce the opening of Taj Paro Resort & Spa. The eternal charm of the Himalayan Kingdom of Bhutan makes it among one of the world’s most sought-after travel destinations. This addition strengthens our over two-decade strong partnership with the CG Hospitality Global, a member of the CG Corp Global, with a portfolio of hotels across the Middle East, Greater Himalayan and Indian ocean region.”

Set in the tranquil Paro valley and located beneath the revered Tiger’s Nest monastery, the 45-key Taj Paro Resort & Spa, Bhutan offers mountain-facing rooms designed to reflect the calm and beauty of the Himalayas. Guests can unwind at the Paro Lounge & Bar, which features signature cocktails and a curated selection of Bhutanese wines. Vista, the resort’s all-day dining restaurant, serves a blend of regional and global cuisines prepared in open kitchens, with views overlooking the sacred monastery.

The resort also offers a range of wellness and leisure facilities, including an indoor heated swimming pool, Taj’s signature J Wellness Circle spa with holistic treatments, and a modern fitness centre, creating a balanced retreat for both relaxation and rejuvenation.

Highlighting the partnership, Dr. Binod Chaudhary, Chairman, CG Corp Global, said, “We are proud of CG Hospitality’s enduring partnership with Tata Group’s IHCL, a collaboration that has flourished for over 25 years. This launch is reflective of the confidence and trust we place in IHCL’s century-old legacy, which continues to be globally recognised as the benchmark of Indian hospitality.”

Adding to this, Mr. Rahul Chaudhary, MD & CEO of CG Hospitality Global, said, “The launch of Taj in Paro, with the unmatched hospitality of the World’s Strongest Hotel Brand will reaffirm Bhutan as a premier destination on the global tourism map.”

Bhutan continues to attract travellers with its serene landscapes and natural beauty, and IHCL already has a presence in key locations including Thimpu and Paro, with another property set to open in Phobjika. The expanded partnership between IHCL and CG Hospitality also spans several destinations across the Indian Sub-Continent and the Middle East, with properties such as Taj Exotica Resort & Spa and Taj Coral Reef Resort & Spa in Maldives, Taj Samudra in Colombo, Taj Jumeirah Lakes Towers in Dubai, Vivanta hotels in Nepal, and Taj Safaris, the luxury wildlife lodges in India and Nepal.