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Apeejay Surrendra Park Hotels Q3 Review: IDBI Capital Maintains 'Buy', Sees 36% Upside — Here's Why
The company’s strong focus on sweating portfolio has enabled it to stay competitive, maintain a strong financial and operating track record and ensure a high ROCE, says IDBI Capital
11 Feb 2025, 01:41 PM IST 
Apeejay Surrendra Park Hotel for Q3 FY25 has positive growth with revenue increasing by 11.7% YoY to Rs 1775 millio and Ebitda increasing by 50 bps YoY to Rs 633 mn.
(Photo Source: Company website)
Apeejay Surrendra Park Hotels intends to double its key count to about 5000 keys in the next five years including 830 keys of its own. The company has 25 hotels underdevelopment under the brands The Park, Zone by the Park and Zone Connect by the Park with 905keys, 950keys and 698 keys respectively.
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