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Apeejay Surrendra Park Hotels Limited Expands with THE Park Hotel in Nainital

02 July 20243 mins read by Angel One
Apeejay Surrendra Park Hotels Ltd announces THE Park Hotel opening in Nainital by June 2024, showcasing luxury amidst Jim Corbett National Park's scenic backdrop.
Apeejay Surrendra Park Hotels Limited Expands with THE Park Hotel in Nainital
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On June 18, 2024, Apeejay Surrendra Park Hotels Limited (ASPHL) announced they would open a new hotel called THE Park in the foothills of Nainital, Uttarakhand. This hotel brand is known for its luxury boutique hotels in India.

The new hotel will have 65 well-furnished rooms near Jim Corbett National Park, India’s oldest national park. It will offer a variety of accommodations, including rooms and tree houses designed to provide comfort amidst the area’s natural beauty. The facilities will include a multi-cuisine restaurant, bar, swimming pool, spa, conference room, and open-air social and business event spaces. Jim Corbett National Park is famous for its tiger population and is part of the larger Corbett Tiger Reserve.

Commenting on the opening of the new hotel, Mr Vijay Dewan, Managing Director, Apeejay Surrendra Park Hotels, said, “We are excited to announce the expansion of THE Park to a new breathtaking Himalayan destination. With this, we at ASPHL will bring its first hotel under THE Park brand to Uttarakhand, celebrating the natural beauty and cultural heritage of the Kumaon region. It is slated to open as a managed hotel by October 2025. We look forward to more regional openings and growth by catering to guests with Anything But Ordinary experiences.”

About Apeejay Surrendra Park Hotels Limited (ASPHL)

Apeejay Surrendra Park Hotels Limited (ASPHL) is a prominent hospitality industry player known for its upscale hotels and diverse dining options. Established in 1967 with its first hotel in Kolkata under the brand “THE PARK,” ASPHL has grown to operate in 20 cities across India. ASPHL manages 30 hotels under five brands: THE PARK, THE PARK Collection, Zone Connect by The Park, Zone by The Park, and Stop by Zone. These brands are recognised for their high-quality hospitality services.

In addition to hotels, ASPHL has a strong presence in food and beverage (F&B) with restaurants, nightclubs, and bars. The company also operates the famous ‘Flurys’ brand, which includes 83 outlets offering various dining experiences like kiosks, cafes, and restaurants.

On June 19, 2024, Apeejay Surrendra Park Hotels Ltd’s share price opened at ₹179.00, touching the day’s high of ₹181.75 as of 10:52 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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