Kamath brothers buy 6.7% stake in Viceroy Hotels

BENGALURU: Zerodha co-founders Nithin and Nikhil Kamath have acquired a combined 6.7% stake in Viceroy Hotels, a Hyderabad-based hospitality company rebuilding its business after insolvency.The brothers invested through Kamath Associates and NKSquared during the September quarter.Viceroy now operates three Marriott-branded properties in Hyderabad, comprising 538 rooms and apartments. These include Marriott Hotel & Convention Centre, Courtyard by Marriott and Marriott Executive Apartments, according to its annual report.The company acquired the 75-unit Marriott Executive Apartments at SLN Terminus in Hyderabad during FY26 in a transaction worth Rs 206 crore. Its annual report confirms that SLN Terminus Hotels and Resorts became a wholly owned subsidiary in December 2025.Viceroy is also arranging funds to repay debt at the acquired business. In an October 3 exchange filing, it said it had signed an agreement to provide SLN Terminus with an unsecured loan of Rs 38.45 crore at an annual interest rate of 8.75%. The money will be used to repay or prepay the subsidiary’s borrowings.Alongside acquisitions, Viceroy is developing a 200-room Courtyard by Marriott hotel in Hyderabad’s Madhapur area. The company has targeted completion in FY29 or FY30.You use AI every day. Now get your AI Quotient. Take the AIQ test.