Hyderabad, Dec. 29 -- Viceroy Hotels Limited, a Hyderabad-based hospitality company, is set to acquire the SLN Terminus Hotels & Resorts Pvt. Ltd., the owner of Marriott Executive Apartments, Hyderabad, for a total consideration of Rs.206 crore. The property is operated under the Marriott brand and is located at SLN Terminus, Gachibowli--one of Hyderabad's prominent business and IT corridors.

In a filing with the Bombay Stock Exchange the company said that the Shareholders of Viceroy Hotels Limited at its Extra-Ordinary General Meeting held on December 27 have approved the acquisition of Ms. SLN Terminus Hotels and Resorts Private Limited.

According to company information, a senior executive involved in the discussions indicated that th...