Park Hotels guides double-digit room rate growth in FY27, plans 43 new hotels
Apeejay Surrendra Park Hotels expects double-digit ARR growth in FY27 amid supply shortage. Pipeline of 43 hotels (4,000 rooms) over four years adds to current 42-hotel, 2,677-room base. Recent ₹232 cr Mumbai acquisition and Kochi deal anchor growth; margins seen expanding 2-3pp from 30%+.
Apeejay Surrendra Park Hotels expects double-digit room rate growth in FY27 amid supply shortage. Acquired Mumbai (₹232cr) and Kochi hotels; plans 43 new hotels with 4,000 rooms over four years including asset-light management contracts. Margins to improve 2-3pp.