Incorporated in 1987, Apeejay Surrendra Park Hotels Limited is engaged in the hospitality business operating under the brand names of “THE PARK“, “THE PARK Collection“, “Zone by The Park“, “Zone Connect by The Park” and “Stop by Zone“. The company is also engaged in the business of retail food and beverage industry through its retail brand ‘Flurys.

As of March 31, 2023, the company operates 80 restaurants, night clubs and bars, offering a wide selection of culinary experiences.

The company currently operates 27 hotels, which are spread across different categories such as luxury boutique, upscale, and upper midscale. These hotels are present in various cities in India including Kolkata, New Delhi, Chennai, Hyderabad, Bangalore, Mumbai, Coimbatore, Indore, Goa, Jaipur, Jodhpur, Jammu, Navi Mumbai, Visakhapatnam, Port Blair, and Pathankot, offering a total of 2,111 rooms as of August 2023.

The company owns restaurants under the brand name of Zen, Lotus, Aish, Saffron, Fire, Italia, 601, The Bridge, The Street, Verandah, Vista, Bamboo Bay, Monsoon, Mist, Love and Bazaar.

As of June 2023, the company has a total of 1,923 employees.

For year/ period ended ( in Cr.)

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*Market cap @upper band of Rs.155/-

• It has built successful hospitality brands through product innovation and service excellence to attract customer through a diversified and holistic offering.
• A diversified Pan India portfolio of owned, leased and managed hotels that are strategically located across metros and emerging cities.
• High occupancy rate and REVPAR with a strong financial and operational track record.
• High F&B and Entertainment contributions which adds to stable and non-cyclical earnings while complementing the hotel business.
• “Flurys” is an iconic brand with a successful and profitable track record of industry leading EBITDA margins.
• Dedicated and experienced leadership team with high standards of corporate governance.

• Repayment/ prepayment, in full or in part of certain outstanding borrowings availed by the Company; and
• General corporate purposes

A niche player and leader of the segment on highest occupancy count, this IPO is sure to attract fancy post listing. Investors may park funds for the medium to long term rewards.