Apeejay Surrendra Park Hotels Expands Portfolio with Major Stake in Zillion Hotels and Resorts
Apeejay Surrendra Park Hotels, a prominent player in the hospitality sector, has announced the acquisition of a 90% stake in Zillion Hotels and Resorts, further solidifying its presence in Maharashtra and beyond.
HospitalityAcquisitionApeejay Surrendra Park HotelsZillion Hotels And ResortsMaharashtraReal Estate MaharashtraApr 24, 2025
This acquisition is not just a financial transaction but a strategic move aimed at leveraging the strengths of both entities. Zillion Hotels and Resorts, known for its premium service residences and boutique hotels, will bring a new dimension to Apeejay's offerings. The addition of Zillion's properties will enhance Apeejay's ability to cater to the growing demand for high-quality accommodation and services in key markets.
The hospitality sector in India has been witnessing robust growth, driven by increasing domestic and international tourism, as well as a rise in business travel. Apeejay Surrendra Park Hotels, with its rich legacy and strong brand presence, has been at the forefront of this growth. The company's focus on quality service and customer experience has earned it a loyal customer base and a reputation for excellence.
Zillion Hotels and Resorts, on the other hand, has been making waves with its innovative approach to hospitality. The company's service residences and boutique hotels are designed to meet the diverse needs of modern travelers, from business professionals to leisure seekers. By integrating Zillion's properties into its portfolio, Apeejay will be able to offer a more comprehensive range of services, from luxury suites to budget-friendly accommodations.
The acquisition is expected to create synergies in operations, marketing, and customer engagement. Apeejay Surrendra Park Hotels plans to leverage its extensive network and resources to enhance the operational efficiency and brand visibility of Zillion Hotels and Resorts. This will not only benefit the existing customers of both companies but also attract new clients looking for premium hospitality services.
The deal is subject to regulatory approvals and is expected to close in the coming months. The management of both companies expressed their enthusiasm for the collaboration, highlighting the potential for mutual growth and innovation. Apeejay Surrendra Park Hotels CEO, Mr. Prakash Shukla, stated, 'This acquisition is a natural extension of our growth strategy and will enable us to offer a wider range of services to our valued customers. We are excited about the opportunities this partnership will bring.'
Zillion Hotels and Resorts CEO, Ms. Neelam Jain, added, 'We are thrilled to be joining forces with Apeejay Surrendra Park Hotels. Their strong market presence and commitment to excellence will help us achieve new heights and deliver even greater value to our customers.'
The hospitality sector is highly competitive, and companies that can adapt and innovate are likely to thrive. Apeejay Surrendra Park Hotels, with its new acquisition, is well-positioned to capitalize on the growing demand for high-quality accommodation and services. The merger is expected to set new benchmarks in the industry and create a stronger, more agile business entity.
As the hospitality landscape continues to evolve, the combined strengths of Apeejay and Zillion will play a crucial role in shaping the future of the sector. Both companies are committed to delivering exceptional experiences and building a sustainable future. The acquisition is a testament to their vision and strategic foresight, and it is likely to have a positive impact on the broader hospitality market in India.
Frequently Asked Questions
What is the percentage of stake Apeejay Surrendra Park Hotels is acquiring in Zillion Hotels and Resorts?
Apeejay Surrendra Park Hotels is acquiring a 90% stake in Zillion Hotels and Resorts.
Why is Apeejay Surrendra Park Hotels making this acquisition?
The acquisition is aimed at expanding Apeejay's portfolio, leveraging Zillion's strengths in service residences and boutique hotels, and catering to the growing demand for high-quality accommodation and services.
What are the key strengths of Zillion Hotels and Resorts?
Zillion Hotels and Resorts is known for its premium service residences and boutique hotels, designed to meet the diverse needs of modern travelers, from business professionals to leisure seekers.
What are the expected benefits of this acquisition for Apeejay Surrendra Park Hotels?
The acquisition is expected to create operational synergies, enhance brand visibility, and attract new customers, thereby strengthening Apeejay's market position and service offerings.
When is the acquisition expected to close?
The acquisition is subject to regulatory approvals and is expected to close in the coming months.
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