Archive · 2 Jun 2025
Park Hotels Aims High-Teens Growth, Plans Expansion
The Park Hotels, a luxury hotel chain in India, plans to expand by adding 250 rooms in the next year.
They recently bought a hotel in Mumbai to make it a trendy boutique hotel.
They aim for big revenue growth and to keep their high occupancy rates.
The company did very well in the last quarter, and they expect to do even better with more growth ahead.
They are also working to improve their profits.
The Park has a total of 35 hotels.
Park Hotels targets high-teens revenue growth in FY26.
The company plans to add 250 keys during the year.
Acquired 90% stake in Zillion Hotels in Mumbai for ₹209 crore.
Reported revenues of ₹177 crore and a 34.5% margin in Q4FY25.
Maintained a 92% occupancy rate in Q4FY25, with double-digit growth expected.
- Who
- Apeejay Surrendra Park Hotels, which owns The Park Hotels.
- What
- Park Hotels plans expansion and aims for revenue growth.
- When
- Expansion planned for FY26.
- Where
- Mumbai, Patiala, Chettinad, and Prayagraj, India.
- Why
- To increase earnings and maintain high occupancy rates.
- Revenue Growth Target (FY26)
- High-teens
- Keys to be added
- 250
- Zillion Hotels Acquisition Cost
- ₹209 crore
- Rooms in Mumbai hotel (planned)
- 80
- Mumbai Hotel Opening (Expected)
- July next year
- EBITDA Contribution (FY27)
- ₹20–25 crore
- Q4FY25 Occupancy Rate
- 92%
- Total Hotels
- 35