HOME > MARKETS > COMPANY NEWS
  COMPANY NEWS
COMPANY
Apeejay Surrendra signs agreements to acquire hospitality properties in Kerala
Dec-17-2025

Apeejay Surrendra Park Hotels has entered into Share Purchase Agreement (SPA) to acquire new hotel assets in Kerala, which include a lakefront property named Purity and a luxury houseboat named Discovery. The acquisition will be structured by purchasing a 100% ownership stake in two companies namely, THALI Hotels and Destinations (THALI) and Fishermans Grove Resorts (FGRPL).

The company will directly acquire 5,22,227 equity shares representing 75.39% of THALI's paid-up share capital, while gaining the remaining 24.61% stake through its acquisition of FGRPL. THALI operates within the boutique hospitality sector with offerings such as premium lakefront stays and luxury houseboat experiences. Purity and Discovery are held by THALI and situated in Kerala. The company will acquire 4,32,991 equity shares constituting 100% of FGRPL’s paid-up share capital. FGRPL is engaged in the boutique hospitality and resort business in Kerala.

Further, the company has executed a lease deed and a share purchase agreement with Cochin Residency (CRPL), for acquisition of The Malabar House. CRPL owns and operates ‘The Malabar House,’ a premium boutique hotel located in Kerala. Under the agreement, the company will acquire at least 90.96% shareholding of CRPL (with an option to acquire up to 100% of its paid-up share capital consisting 11,06,066 equity shares of Rs 10 each fully paid-up, based on certain events).

Apeejay Surrendra Park Hotels is engaged in the hospitality business operating under the brand names of 'THE PARK', 'THE PARK Collection', 'Zone by The Park', 'Zone Connect by The Park' and 'Stop by Zone'.


  RELATED NEWS >>