|Palace Heights Hotels Limited was originally incorporated in Andhra Pradesh on 25th day of February 1965 under the Companies Act as Krishna Cold Drinks Private Limited, the company name was changed to Shri Krishna Bottlers Private Limited and to Palace Heights Hotels Private Limited on 10.11.66 & 25.09.90 respectively. Subsequnetly on 28.09.90 the Company was converted into Public Limited Company any a fresh certificate in incorporation was obtained.
-Viceroy Hotels Board approved Rs 30 million investment in wholly owned subsidiary, to open a second restaurant at Texas, USA and finance the capital expenditure through wholly owned subsidiary company Mayuri India Cuisine Inc, Texas USA.
-The Board also approved the draft franchisee agreement with Marriott International Licensing Company BV and Viceroys Hotels Ltd. The agreement would be for a period of 20 years. The Hotel would have all the benefits/privilege of Marriott International Group.