Apeejay Surrendra Park Hotels to Acquire 90% Stake in Zillion Hotels and Resorts

Zillion Hotels and Resorts Private Limited will become a subsidiary of Apeejay Surrendra Park Hotels

Apeejay Surrendra Park Hotels Limited has entered into binding Memorandum of Understanding today for acquisition of 90% stake of Zillion Hotels and Resorts Private Limited from its existing shareholders (namely Handa Family Shareholders and Nair Family Shareholders).

Consequent to the aforesaid acquisition, Zillion Hotels and Resorts Private Limited will become a subsidiary of Apeejay Surrendra Park Hotels.

Zillion Hotels and Resorts Private Limited 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.