Apeejay Surrendra Park Hotels is currently trading at RS. 163.00, up by 1.55 points or 0.96% from its previous closing of RS. 161.45 on the BSE.

The stock opened at RS. 163.45 and touched a high of RS. 163.65 and a low of RS. 161.10. So far, 40,744 shares have been traded on the counter.

This BSE group 'B' stock with a face value of RS. 1 hit a 52-week high of RS. 208.40 on January 3, 2025, and a 52-week low of RS. 128.75 on April 7, 2025. Over the past week, the scrip’s high and low stood at RS. 166.90 and RS. 154.05, respectively. The current market capitalization of the company is RS. 3,444.93 crore.

The promoters hold 68.14% in the company, while institutions and non-institutions hold 15.52% and 16.34% respectively.

In a significant development, Apeejay Surrendra Park Hotels has signed a Memorandum of Understanding (MoU) with Katsons Hotel and Developer and Ved Parkash Kataria to acquire on lease and manage four properties under its hospitality brand. The properties are located in Goa (42 rooms), Manali (24 rooms), Shimla (24 rooms), and Dharamshala (48 rooms), totaling 138 rooms, under a 12-year lease agreement.

Following the execution of definitive lease agreements, the properties in Goa and Dharamshala are expected to be operational within 60 days, while the Manali and Shimla properties will become operational within 90 days. This move aligns with the company’s strategic focus on expanding into high-potential leisure destinations.

Apeejay Surrendra Park Hotels operates in the hospitality sector under brand names such as ‘THE PARK’, ‘THE PARK Collection’, ‘Zone by The Park’, ‘Zone Connect by The Park’, and ‘Stop by Zone’.

Apeejay Surrendra Park Hotels Stock Edges Up; Signs MoU to Lease and Manage 4 New Properties

Apeejay Surrendra Park Hotels is trading at RS. 163.00, rising by 1.55 points or 0.96% from its previous close of RS. 161.45 on the BSE.

The stock opened at RS. 163.45 and moved between a high of RS. 163.65 and a low of RS. 161.10. A total of 40,744 shares have been exchanged so far.

A BSE group 'B' stock with a face value of RS. 1, it touched a 52-week high of RS. 208.40 on January 3, 2025, and a 52-week low of RS. 128.75 on April 7, 2025. In the last week, the scrip’s high and low stood at RS. 166.90 and RS. 154.05 respectively. The company’s market capitalization is RS. 3,444.93 crore.

Promoters currently hold 68.14% of the company’s shares, while institutional and non-institutional investors hold 15.52% and 16.34%, respectively.

The company announced it has entered into a Memorandum of Understanding (MoU) with Katsons Hotel and Developer and Ved Parkash Kataria to lease and operate four new properties. These properties are in Goa (42 rooms), Manali (24 rooms), Shimla (24 rooms), and Dharamshala (48 rooms), under a 12-year lease agreement, adding a total of 138 rooms to its portfolio.

The Goa and Dharamshala properties are expected to be operational within 60 days post lease agreement execution, while the Manali and Shimla properties are expected within 90 days. This expansion strengthens the company’s footprint in high-demand leisure destinations, especially in Himachal Pradesh and Goa.

Apeejay Surrendra Park Hotels operates renowned hospitality brands including ‘THE PARK’, ‘THE PARK Collection’, ‘Zone by The Park’, ‘Zone Connect by The Park’, and ‘Stop by Zone’.