Apeejay Surrendra Park Hotels Management Guidance Tracker

Six hotels totaling 234 keys to open in Q4 FY26 across Vizag, Darjeeling, Katra, Kochi, Kalpa, and Dharamshala.

Plan to add 438 keys in FY27, taking total room count to 3,219 with 56 hotels.

Management plans to add 12 hotels totaling 472 keys in FY27, with 8 under asset-light model, taking total keys past 3,000.

Flurries plans to add more than 30 outlets over the next 10 months, entering NCR (8 outlets), Pune (5), and Bangalore (4).

Flurries to reach 120 stores by end of FY26 and 150-160 stores by FY27, with focus on cafe formats.

Target to double hotel count from 42 to 85 and keys from 2,677 to 6,635 by FY30, with 2x growth in owned and 3x in asset-light.

Management reiterated long-term revenue target of ₹500 crore for Flurries over the next 3-4 years.

From sale of service apartments at EM Bypass Kolkata, management expects additional cash flow improvement of close to ₹70 crore during FY27.