Apeejay Surrendra Park Hotels has entered into binding Memorandum of Understanding (MoU) for acquisition of 90% stake of Zillion Hotels and Resorts from its existing shareholders (namely Handa Family Shareholders and Nair Family Shareholders). Consequent to the aforesaid acquisition, Zillion Hotels and Resorts will become a subsidiary of the Company. Cost of acquisition is up to Rs 209.25 crore.
Apeejay Surrendra Park Hotels 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'.
