Apeejay Surrendra Park Hotels has signed a memorandum of understanding (MoU) with Katsons Hotel & Developer and Ved Parkash Kataria to acquire on lease and manage four new hospitality properties located in Goa, Manali, Shimla, and Dharamshala.

The MoU outlines a 12-year lease agreement covering all four properties, which together offer a total of 138 rooms. The Goa property will have 42 rooms, Manali and Shimla will each have 24 rooms, and the Dharamshala property will feature 48 rooms. These hotels will be operated under Apeejay Surrendra Park Hotels' existing hospitality brands.

As per the MoU, the properties in Goa and Dharamshala are expected to become operational within 60 days after the execution of definitive lease agreements. The properties in Manali and Shimla are expected to commence operations within 90 days.

Apeejay Surrendra Park Hotels is engaged in owning, operating, and managing hotels across India under its well-known brands, including "The Park Hotels," "The Park Collection," and "Zone by the Park." This expansion aligns with the company’s strategy to strengthen its presence in key leisure and tourist destinations.