Apeejay Surrendra Park Hotels to Acquire 90% Stake in Zillion Hotels and Resorts for INR 2,092,500,000

Apeejay Surrendra Park Hotels Ltd has entered into a binding Memorandum of Understanding (MoU) for the acquisition of 90% stake in Zillion Hotels and Resorts Private Limited. The target entity, Zillion Hotels and Resorts, is in the business of owning and operating the Z Luxury Residences, including 62 service residences and food & beverage facilities located at 29/1 J R Mhatre Road opp Iris Park Juhu, Mumbai, Maharashtra, India, 400049. The total consideration for the acquisition is INR 2,092,500,000.