Apeejay Surrendra Park Hotels Limited has announced a strategic partnership with Ambuja Neotia to launch The Park Unizen, a premium hospitality-integrated development on EM Bypass in Kolkata. The project represents a significant addition to the city's rapidly evolving urban corridor, combining luxury serviced residences with hospitality amenities.

Project Overview

The Park Unizen comprises a carefully planned development that positions luxury living alongside hospitality services. The collaboration brings together two established groups with decades of experience in shaping Eastern India's hospitality and built environment.

Design and Architecture

Global architecture firm Gensler has designed the project, drawing inspiration from the layered ecology of the Sundarban mangroves. This concept is expressed through vertical articulation and a carefully structured façade that responds to light and climate conditions.

The interiors of common areas and club spaces have been designed by Bobby Mukherrji Architects, introducing:

• Curated material palette
• Experiential detailing
• Contemporary aesthetics with contextual nuance
• Elevated wellness terrace with panoramic pool
• Landscaped zones and curated leisure spaces

Hospitality Integration

The development features an upcoming luxury hotel designed by Gensler, positioned to serve as a vibrant destination for the city. The hotel will offer comprehensive hospitality services and amenities.

Leadership Perspectives

Priya Paul, Chairperson of Apeejay Surrendra Park Hotels Limited, emphasized the project's role in extending The Park's design philosophy into urban living. She highlighted the development's focus on creating spaces where design and culture come alive, bringing hospitality into everyday living experiences.

Harshavardhan Neotia, Chairman of Ambuja Neotia, described the project as a limited address where proportion, privacy and thoughtfulness guide every space. He emphasized the company's belief that architecture must be contemporary in expression while remaining deeply rooted in cultural sensibility.

Strategic Significance

The Park Unizen development reinforces EM Bypass as a key growth axis in Kolkata's continuing urban expansion. The project reflects strategic alignment with rising demand for design-led, hospitality-linked living formats, positioning both companies to capitalize on evolving urban lifestyle preferences.

Apeejay Surrendra Park Hotels Limited operates a growing portfolio of over 39 hotels across owned, leased, and managed properties under five distinct brands, while also maintaining a presence in the retail food and beverage sector through its Flurys brand with over 100 outlets across India.

Apeejay Surrendra Park Hotels Limited announced its unaudited financial results for the third quarter and nine months ended December 31, 2025, showcasing steady operational performance alongside strategic expansion initiatives. The Board of Directors approved these results on February 04, 2026, following comprehensive review by the Audit & Risk Management Committee.

Financial Performance Overview

The company delivered solid financial results across both standalone and consolidated operations for Q3FY26. The hospitality segment continues to drive the majority of revenue, reflecting the company's focused business approach.

Standalone Results

For the nine months ended December 31, 2025, standalone revenue from operations reached Rs. 497.16 crores compared to Rs. 438.23 crores in the corresponding period of the previous year, marking a growth of 13.44%. Net profit for the nine-month period stood at Rs. 57.25 crores.

Consolidated Performance

The consolidated nine-month revenue from operations increased to Rs. 523.58 crores from Rs. 454.13 crores in the previous year, representing growth of 15.29%.

Strategic Acquisitions and Expansion

The company executed significant acquisition transactions during the reporting period, strengthening its hospitality portfolio across key markets.

Mumbai Property Acquisition

The acquisition involves repayment of identified liabilities of Rs. 130.96 crores with the balance payable to selling shareholders. As of December 31, 2025, 76% of shareholding has been transferred, with the remainder to be completed per the share purchase agreement terms.

Kerala Properties Acquisition

The remaining consideration of Rs. 4.20 crores is scheduled for payment within 10 months of acquisition.

Operational Highlights

The company's operational metrics reflect the impact of both organic growth and recent acquisitions. Total expenses for the standalone operations in Q3FY26 were Rs. 120.28 crores compared to Rs. 109.67 crores in Q3FY25.

Key expense components for Q3FY26:

• Employee benefit expense: Rs. 37.02 crores
• Other expenses: Rs. 59.38 crores
• Food and beverages consumed: Rs. 23.93 crores
• Finance costs: Rs. 7.64 crores
• Depreciation and amortization: Rs. 17.77 crores

The company reported an exceptional item gain of Rs. 1.40 crores in Q3FY26, primarily related to the incremental impact of new Labour Codes notified by the Government of India on November 21, 2025.

Investor Engagement and Transparency

Following the announcement of Q3FY26 results, Apeejay Surrendra Park Hotels conducted a conference call with investors and analysts on February 06, 2026. The audio recording of this conference call has been made available on the company's website at theparkhotels.com under the investor relations section.

This initiative demonstrates the company's commitment to maintaining transparency and regular communication with stakeholders regarding its financial performance and strategic developments.

Dividend Distribution

The Board of Directors had proposed a final dividend of Re. 0.50 per equity share for the year ended March 31, 2025, amounting to Rs. 10.67 crores. This dividend was approved at the Annual General Meeting held on September 26, 2025, and was paid during the current quarter.

Future Commitments

The company has entered into a share purchase agreement with Cochin Residency Private Limited for the acquisition of 100% stake in the company that owns the Malabar House hotel property in Kochi, Kerala. This acquisition is pending satisfaction of certain conditions precedent, with the property currently under a lease arrangement at Rs. 0.15 crore monthly rental from December 22, 2025.