Anirudh Agro has already supplied the necessary funds for the acquisition and plans to increase its presence in the hospitality trade. The Viceroy Hotel, located in Hyderabad, has two hotels operated by Marriott Group with over 400 rooms. The acquisition comes after a resolution plan submitted by CFM Asset Reconstruction was rejected by the NCLAT in September 2021. While Renaissance is presently piloting a virtual concierge at three of its hotels, Schneider said the brand is targeting more than 20 properties to receive the know-how in the first quarter of the 12 months. Leaders in the hospitality trade will work to make workers happier, ramp up integration of generative AI and cater to a growing variety of experiential and luxurious vacationers.
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