Viceroy Hotels, as part of its growth strategy, is in the process of expanding its Courtyard by Marriott property in Hyderabad with the addition of 56 new guest rooms, which is set to be operational by June 2025.

Additionally, the Marriott Hotel's convention centre and select guestrooms will undergo renovation starting in April 2025 to enhance guest experiences. For the quarter ending 31 December, 2024, the company reported revenue from operations of Rs. 37.75 crore.

Viceroy Hotels currently owns and operates two Marriott-branded properties in Hyderabad -Marriott and Courtyard by Marriott, with a total portfolio of 407 rooms. The company has plans to expand across India, targeting various segments such as business, leisure, luxury, and destination travel. 

Managing Director & CEO Mr. Ravinder Reddy Kondareddy said, "The surge in domestic travel continues to be a significant driver of growth, with expectations of a 15-20% increase in domestic tourism in 2025. Furthermore, new measures introduced in the FY2025 Budget are poised to bolster the hospitality sector, reinforcing our commitment to excellence and innovation.”