New Launch29 Nov 2025, 04:30 pm
Apeejay Surrendra Park Hotels Ltd Signs MoU for 12-Year Lease of 42-Room Hotel Property in Mathura
AI Summary
Apeejay Surrendra Park Hotels Ltd has entered into a Memorandum of Understanding (MoU) with M/s. Raman Industrial Enterprises, a partnership firm based in Mathura, Uttar Pradesh, to take on lease and operate a 42-room hotel property along with associated facilities. The property, currently under construction, is situated on land admeasuring approximately 1308 sq. meters in Village Jaisinghpura Bangar, Tehsil Sadar, District Mathura, Uttar Pradesh — 281003. The lease term is 12 years, subject to fulfilment of agreed conditions precedent, statutory approvals, and execution of a definitive Lease Deed by March 31, 2026, or such other date as may be mutually agreed between the parties.
Key Highlights
- Apeejay Surrendra Park Hotels Ltd has signed an MoU with M/s. Raman Industrial Enterprises for a 12-year lease of a 42-room hotel property in Mathura.
- The hotel property is currently under construction and situated on approximately 1308 sq. meters of land in Mathura, Uttar Pradesh.
- The lease term is subject to fulfilment of agreed conditions precedent, statutory approvals, and execution of a definitive Lease Deed by March 31, 2026.
- The hotel property is expected to contribute to the growth and expansion of Apeejay Surrendra Park Hotels Ltd in the region.
- This development highlights the company's commitment to expanding its hospitality services and providing quality accommodations to its customers.