About Apeejay Surrendra Park Hotels Limited

Apeejay Surrendra Park Hotels Limited (ASPHL) is India’s eighth-largest asset-owning hotel chain and a pioneer in the luxury boutique hospitality segment. The company’s journey began with the launch of its flagship hotel in Kolkata in 1967, laying the foundation for a brand built on design, innovation, and cultural vibrancy.

Over the decades, ASPHL has expanded into five distinct hospitality brands—THE Park Hotels, THE Park Collection, Zone by The Park, Zone Connect, and Stop by Zone—catering to guests across luxury, upper midscale, and economy segments.

Complementing its hotel business, ASPHL has a significant footprint in food and beverages (F&B) through its restaurants, bars, and nightclubs. Its iconic confectionery brand, Flurys, established in Kolkata in 1927, has evolved into a pan-India chain with 100 outlets across formats such as cafés, kiosks, and tearooms.

As of March 31, 2025, the company operates 35 hotels with 2,394 keys, while another 31 hotels with 3,009 keys are under development. This will take the portfolio to 66 hotels with over 5,400 keys. ASPHL operates through a balanced mix of owned, leased, and managed models, enabling both growth and capital efficiency.

Apeejay Surrendra Park Hotels Limited’s Business Segments

The company earns from hospitality and retail F&B. Within hospitality, its brandscape spans:

• Luxury & Upscale: THE Park Hotels (8 hotels, 1,221 keys) and THE Park Collection (heritage and boutique properties).

• Upper Midscale: Zone by The Park (10 hotels, 539 keys) and Zone Connect (12 hotels, 520 keys).

• Economy: Stop by Zone (4 hotels, 23 keys).

On the F&B side, Flurys contributes strongly, along with restaurants, bars, and nightclubs integrated across hotel properties. Notably, F&B accounted for 41% of total revenue in FY 2024-25,

Apeejay Surrendra Park Hotels Limited Key Management

• Ms Priya Paul – Chairperson and Executive Director

• Mr Vijay Dewan – Managing Director

Latest Updates on Apeejay Surrendra Park Hotels Limited

• Entry into Heritage Luxury: Launched The Lotus Palace, Chettinad and Ran Baas – The Palace, Patiala under THE Park Collection. Ran Baas joined the global Relais & Châteaux network, boosting international visibility.

• Acquisitions: Signed MoUs to acquire Malabar House in Kochi and Purity Hotel at Lake Vembanad. Additionally, an MoU was signed to convert 60 Juhu service apartments into an 80-room ultra-luxury boutique hotel.

• Operational Excellence: Achieved India’s highest occupancy at 92%, with flagship Kolkata properties at 100%. RevPAR rose to Rs 7,061, while Average Room Rate reached Rs 7,624.

• Retail F&B Expansion: Flurys crossed the milestone of 100 outlets nationwide, with new launches in Darjeeling and Gangtok. Plans are underway to expand to 200 outlets by FY 2026-27.

• Renovations: Over 100 rooms were refurbished and four F&B venues relaunched, strengthening guest experience and pricing power.

• Financial Achievements: Recorded highest-ever consolidated net revenue of Rs 653 crore and PAT of Rs 84 crore. The Board declared its maiden dividend of 50%