Apeejay Surrendra Park Hotels is a hotel operator. It operates under the brand "The Park" and has a pan-India presence with diverse product offerings, from economy to luxury hotels
It is the eighth-largest hotel chain (among hotel chains that own the hotels they operate), comprising about 1,300 rooms.
It has a diversified pan-India presence with over 30 hotels across 20 cities.
History of breaching financial covenants. As of FY23, it has breached covenants in financial agreements of around Rs 4,500 crore.
Revenue concentration. Around 75 per cent of its FY23 revenue came from its top five hotels.
Is the company's net debt-to-equity ratio less than one? No. Its net debt-to-equity ratio, as of September 2023, was 1.08 times.