Park Hotels group aims at 26% inventory growth, led by managed properties

Company currently has an inventory of 1,937 rooms across 22 hotels which it intends to take up to 3,473

Apeejay Surrendra Park Hotels (ASPH) is looking at a 26-per cent CAGR (compounded annual growth rate) in its inventory in the coming three years which translates into an addition of 1,536 rooms to its portfolio. The growth will be primarily driven by managed properties.

ASPH currently has an inventory of 1,937 rooms across 22 hotels which the company has targeted to take up to 3,473 rooms. 

“We will have a 26 per cent CAGR in our inventory in the next three years and will be focussing on managed properties,” said Vijay Dewan, managing director, ASPH.

While 53 per cent of