Apeejay Surrendra Park Hotels Limited (ASPHL) has announced its best-ever second quarter performance, marking a period of accelerated momentum and sustained growth for the hospitality chain. The company reported a consolidated revenue of Rs. 167.00 crores for Q2, representing a robust 17% year-over-year increase.

Key Financial Highlights

Operational Performance

ASPHL has maintained its leadership position in the Indian hospitality sector, achieving a high occupancy rate of 93%. This impressive occupancy, coupled with a 13% growth in Average Room Rate and a 12% increase in RevPAR, underscores the company's strong market position and operational efficiency.

Expansion and Acquisitions

The company has made significant strides in its expansion strategy:

• Completed the acquisition of Zillion Hotel at Juhu, Mumbai for Rs. 2.64 crores
• Plans to break ground on a new Kolkata project in January

Brand Portfolio and F&B Performance

ASPHL operates under five distinct brands: THE PARK, THE PARK Collection, Zone by The Park, Zone Connect by The Park, and Stop by Zone. The company's food and beverage segment continues to be a strong contributor to its overall performance, with F&B revenue standing at Rs. 71.00 crores in Q2.

Flurys Retail Business

The company's iconic retail brand 'Flurys' has shown remarkable growth:

• Expanded to 102 outlets
• Achieved 22% topline growth

Management Commentary

Vijay Dewan, Managing Director of ASPHL, commented on the Q2 performance: "This has been our best-ever second quarter — a period of accelerated momentum and sustained growth. We have achieved strong high teen revenue expansion and mid-teen EBITDA growth, reaffirming the strength of our strategy and brand. The result is amplified by attaining India's leading occupancy of 93%, 13% growth in ARR and 12% growth in RevPAR."

Future Outlook

ASPHL's focus remains on improving growth, deepening guest engagement, and creating enduring value for all stakeholders. The company's expansion plans, including the new projects in Mumbai and Kolkata, are expected to further strengthen its market position in the coming years.

Awards and Recognition

The company's properties have received several prestigious awards, including:

• Michelin One Key awarded to Ran Baas, The Palace, Patiala
• Prix Versailles featured Ran Baas, The Palace, Patiala in its global list of World's Most Beautiful Hotels
• The Lotus Palace, Chettinad listed among 100 Best New Hotels of the Year by Travel & Leisure

These accolades further cement ASPHL's reputation as a design-led, experience-driven hospitality group.

As Apeejay Surrendra Park Hotels Limited continues to expand its footprint and enhance its offerings, the company appears well-positioned to capitalize on the growing demand in India's hospitality sector.

Apeejay Surrendra Park Hotels Limited (PARKHOTELS) has made a significant move in the hospitality sector by announcing the acquisition of a 90% stake in Zillion Hotels and Resorts Private Limited. The deal, valued at up to ₹2,065.50 million, will be executed through a cash transaction and includes an option to acquire the remaining 10% shareholding based on certain future events.

Strategic Expansion in Mumbai

The acquisition brings Z Luxury Residences, a premium property in Mumbai's Juhu area, under the Apeejay Surrendra Park Hotels umbrella. Z Luxury Residences boasts 62 service residences along with food and beverage facilities, strategically located at 29/1 J R Mhatre Road, opposite Iris Park in Juhu.

Transaction Details

According to the Share Purchase Agreement disclosed in the company's LODR filing:

Impact on Corporate Structure

Upon completion of the transaction, Zillion Hotels and Resorts Private Limited will become a subsidiary of Apeejay Surrendra Park Hotels Limited. This move aligns with the company's strategy to strengthen its presence in key markets and expand its portfolio of luxury properties.

Regulatory Compliance

The company has confirmed that the acquisition does not fall under related party transactions and requires no governmental or regulatory approvals. This streamlined process is expected to facilitate a smoother integration of the new property into Apeejay Surrendra Park Hotels' existing operations.

Market Implications

This acquisition marks a significant expansion for Apeejay Surrendra Park Hotels in the lucrative Mumbai market. The addition of Z Luxury Residences to its portfolio is expected to enhance the company's offerings in the premium segment of the hospitality industry.

As the hospitality sector continues to recover and grow post-pandemic, strategic acquisitions like this could position Apeejay Surrendra Park Hotels favorably in the competitive luxury hotel market.

Investors and industry observers will be keenly watching how this acquisition impacts the company's financial performance and market position in the coming quarters.

Note: The company has also announced the closure of its trading window from October 1, 2025, in connection with the upcoming Q2 and half-yearly financial results, demonstrating its commitment to regulatory compliance and transparency.