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Apeejay Surrendra Park Hotels Ltd. ( (IN:PARKHOTELS) ) has provided an update.
Apeejay Surrendra Park Hotels and Ambuja Neotia have launched The Park Unizen, a hospitality-integrated serviced residence development on Kolkata’s EM Bypass, adjacent to an upcoming THE Park Hotel. The project, comprising 69 serviced residences, is intended to reinforce the EM Bypass as a mixed-use lifestyle corridor by combining residential, hospitality and leisure offerings.
Designed by global architecture firm Gensler with interiors by Bobby Mukherji Architects, The Park Unizen draws on the Sundarban mangroves for its façade and incorporates an elevated wellness terrace, pool and landscaped leisure zones. The adjoining 218-room THE Park Hotel will add luxury rooms, banquet and event spaces, signature dining, nightlife venues, wellness facilities and an air taxi landing facility, enhancing the area’s appeal to high-end guests and long-stay residents.
By uniting two influential Eastern India groups in hospitality and real estate, the development reflects a strategic response to rising demand for design-led, hospitality-linked living formats. The integrated project is likely to strengthen the partners’ positioning in premium urban mixed-use assets and could attract investors, homebuyers and corporate clients seeking experiential, amenity-rich environments along a key urban growth axis in Kolkata.
More about Apeejay Surrendra Park Hotels Ltd.
Apeejay Surrendra Park Hotels Ltd. operates in the hospitality industry, focusing on design-led hotels, serviced residences and lifestyle-oriented destinations. The company has a strong presence in Eastern India and increasingly positions its portfolio around mixed-use, hospitality-integrated developments that cater to urban, experience-driven travellers and residents.
Average Trading Volume: 37,393
Technical Sentiment Signal: Sell
Current Market Cap: 26.79B INR
See more insights into PARKHOTELS stock on TipRanks’ Stock Analysis page.