Acquisitions24 Sept 2025, 10:41 pm
Apeejay Surrendra Park Hotels to Acquire 90% Stake in Zillion Hotels and Resorts for INR 2,065,500,000
AI Summary
Apeejay Surrendra Park Hotels Ltd has entered into a Share Purchase Agreement to acquire a 90% stake in Zillion Hotels and Resorts Private Limited for a cash consideration of INR 2,065,500,000. Zillion Hotels and Resorts Private Limited operates the Z Luxury Residences, including 62 service residences and food & beverage facilities located in Mumbai, Maharashtra. The acquisition is expected to be completed over an indicative period of 18-20 months.
Key Highlights
- Apeejay Surrendra Park Hotels to acquire 90% stake in Zillion Hotels and Resorts
- Total cash consideration of INR 2,065,500,000
- Zillion Hotels and Resorts operates Z Luxury Residences in Mumbai
- Expected completion period of 18-20 months
- Zillion Hotels and Resorts to become a subsidiary of Apeejay Surrendra Park Hotels