Apeejay Surrendra Park Hotels Launches New Hotel in Visakhapatnam
Apeejay Surrendra Park Hotels Limited has launched its second hotel in Visakhapatnam, Zone Connect by The Park. The 52-key hotel is strategically located on Beach Road and aims to cater to both business and leisure travelers. This expansion further strengthens ASPHL's presence in Andhra Pradesh.
The launch of a new hotel is a positive step for the company's growth and revenue, but it is one of many hotels in their portfolio, thus having a medium impact.
The announcement details the successful launch of a new hotel, which is a positive development for the company's expansion and market presence.
Apeejay Surrendra Park Hotels Limited (ASPHL) has announced the launch of its second hotel in Visakhapatnam, named Zone Connect by The Park Visakhapatnam. Strategically situated on Beach Road, the 52-key hotel aims to offer contemporary design, vibrant social spaces, and warm hospitality.
The hotel's location provides proximity to key business, commercial, and transport hubs, including Visakhapatnam Railway Station (4.9 km), Visakhapatnam Port (2.5 km), and Alluri Sitarama Raju International Airport (48.6 km).
Zone Connect by The Park Visakhapatnam features an all-day dining restaurant, Café C, an open-air coffee shop with views of the Bay of Bengal, and a terrace swimming pool. It also offers indoor banquet spaces for up to 300 guests and a dedicated meeting space called Grey Zone.
Commenting on the launch, Mr. Botcha Suresh Kumar, Managing Director of M/s Hema Abodes Private Limited, expressed confidence in ASPHL's expertise and the value of the partnership, anticipating local employment opportunities. Mr. Vikas Ahluwalia, AVP and National Head of Zone by The Park, highlighted the launch as a significant milestone in ASPHL's growth, strengthening its presence in Andhra Pradesh, a high-potential market.
ASPHL, established in 1967, operates 42 hotels across India under five brands: THE PARK, THE PARK Collection, Zone by The Park, Zone Connect by The Park, and Stop by Zone. The company also has interests in food and beverage, entertainment, and the retail sector through its brand 'Flurys'.
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Apeejay Surrendra Park Hotels Limited filed this with the NSE as a statutory disclosure, categorised under business responsibility and sustainability report (brsr). It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Apeejay Surrendra Park Hotels Limited. Read the original for the full detail.