Apeejay Surrendra Park Hotels Signs Management Agreement for Zone by The Park, Indore

Apeejay Surrendra Park Hotels Limited (ASPHL) is pleased to announce the signing of a definitive hotel management agreement for the development of Zone by The Park, Indore, located within the upcoming Alankrit Film City. This 117-key hotel will bring the brand's signature design-led, social and vibrant hospitality to one of Madhya Pradesh's fastest-growing urban hubs.

Strategically positioned just 30 minutes from Devi Ahilyabai Holkar Airport, Zone by The Park, Indore is set amidst the state's first-of-its-kind film city development. Alankrit Film City is envisioned as a cultural and entertainment destination, offering multiple shooting locations, thematic gardens, film sets, recreational parks and a dedicated wedding mandapam-making the hotel a prime location for both business and leisure travelers.

The hotel will feature thoughtfully curated experiences including Bazaar - the all-day dining restaurant, Z Bar - a high-energy bar, Vitalia Spa, and Playa - the pool. In addition, a range of indoor and outdoor banquet spaces will offer the ideal setting for social celebrations, weddings, and corporate gatherings.

Commenting on the signing, Mr. Vikas Ahluwalia, General Manager and National Head, Zone by The Park Hotels, said, "We are thrilled to bring Zone by The Park to the dynamic city of Indore. With its strategic location inside the Alankrit Film City and a vibrant blend of hospitality, design, and entertainment, the hotel will be a landmark destination. This signing further strengthens our presence in Central India and reflects our commitment to delivering exceptional guest experiences across emerging markets."

Mr. Ravish Jain, Partner RR Jain Infra opined, "We are happy to partner with Apeejay Surrendra Park Hotels Limited- one of the oldest hospitality brand who has been delivering unmatched guest's experience. This partnership provides us with an incredible opportunity to reach more travellers.

With this addition, ASPHL continues to grow its Zone by The Park portfolio, offering upper mid-scale hotels that are stylish, social, and rooted in local culture.

Shares of Apeejay Surrendra Park Hotels Limited was last trading in BSE at Rs. 148.95 as compared to the previous close of Rs. 151.30. The total number of shares traded during the day was 49628 in over 1233 trades.

The stock hit an intraday high of Rs. 152.45 and intraday low of 148.25. The net turnover during the day was Rs. 7421390.00.

Source : Equity Bulls

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