Zerodha co-founders Nithin and Nikhil Kamath have acquired a combined 6.72% Viceroy Hotels stake, Hospitality Biz India reported on 15 October 2026. The shares were bought through Kamath Associates and Nksquared during the September quarter.
Viceroy Hotels is a Hyderabad-based operator of Marriott-branded hotels in the city.
What Is Viceroy Hotels Planning?
Viceroy plans to acquire SLN Terminus Hotels and Resorts, which runs Marriott Executive Apartments in Hyderabad. Shareholders approved an INR 206-crore deal in December 2025. A 200-room Courtyard by Marriott is also planned in Madhapur, with completion targeted for FY2029 or FY2030.
How Did Viceroy Hotels Get Here?
Viceroy’s insolvency process began in 2018. The NCLAT approved the resolution plan submitted by Anirudh Agro Farms in October 2023, with capital coming through Loko Hospitality, the resolution applicant’s SPV. Trading resumed in April 2024.
In 2026, the company launched a rights issue of about INR 105 crore at INR 115 per share, which was also meant to increase public shareholding after the ownership change.
Industry Reaction and Expert Commentary
The report did not include comments from the Kamath brothers or Viceroy’s management, and no share price reaction was reported. The stake size and purchase vehicles are as stated in the source report.
What Happens Next?
Key milestones to watch are completion of the SLN Terminus acquisition, progress on the 200-room Courtyard by Marriott in Madhapur, and the outcome of the rights issue.
Frequently Asked Questions
How much of Viceroy Hotels do the Kamath brothers own?
A combined 6.72%, bought through Kamath Associates and Nksquared during the September quarter.
What does Viceroy Hotels operate?
It operates Marriott-branded hotels in Hyderabad.
What expansion is planned?
An INR 206-crore acquisition of SLN Terminus Hotels and Resorts and a 200-room Courtyard by Marriott in Madhapur, targeted for FY2029 or FY2030.
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