ParkHotels
PARKHOTELS.NS
National Stock Exchange of India115.15
INR
-1.25
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ParkHotels
PARKHOTELS.NS
(National Stock Exchange of India)
Recent
price
115.15
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Apeejay Surrendra Park Hotels Limited (PARKHOTELS.NS), trading as ParkHotels and part of the Apeejay Surrendra Group, owns and operates a diversified portfolio of hotels across luxury, upscale, upper midscale, and economy segments in India; the company manages approximately 35 properties with over 2,394 rooms under five brands including THE Park luxury boutique hotels, THE Park Collection intimate properties, Zone by The Park upscale social hotels, Zone Connect by The Park midscale offerings, and Stop by Zone economy stops, complemented by the iconic Flurys patisserie chain with over 80 outlets nationwide. Core services encompass premium accommodations, award-winning dining and entertainment concepts, conference and meeting facilities, recreational amenities, and retail food and beverage experiences, with properties strategically located in prime urban and leisure destinations such as Bangalore, Chennai, Goa, Hyderabad, Indore, Kolkata, Mumbai, Navi Mumbai, New Delhi, and Visakhapatnam, alongside expansions into Chettinad, Patiala, Pune, and additional sites. Founded in 1967 with its flagship THE Park hotel on Kolkata's Park Street and headquartered at 17 Park Street, Kolkata, with a corporate office in New Delhi, the company targets business travelers, leisure guests, groups, and event attendees across domestic markets. The company pursues aggressive portfolio growth, targeting 74 properties and over 5,787 keys by fiscal year 2030 through a mix of owned, leased, and managed models spanning all segments. Recent expansions include a July 2025 memorandum of understanding with Katsons Hotel & Developer and Ved Parkash Kataria for a 12-year lease of four leisure properties totaling 138 rooms in Goa (42 rooms), Manali (24 rooms), Shimla (24 rooms), and Dharamshala (48 rooms), with Goa and Dharamshala sites operational within 60 days of final agreements and Himachal properties within 90 days, operated under existing brands to strengthen presence in premium coastal and hill station markets. In 2025, Apeejay Surrendra Park Hotels acquired a 90% stake in Zillion Hotels and Resorts Private Limited in Juhu, Mumbai, valued at up to ₹2,065.50 million, converting the asset into an 80-room upscale boutique hotel with a rooftop bar named Z Luxury Residences, alongside groundwork breaking in January 2026 for a new Kolkata project; these moves align with a shift toward an asset-light model, adding approximately 600 rooms imminently and reflecting 14% topline revenue growth and 16% EBITDA increase in Q1 FY26 driven by high occupancy and average room rates.