Apeejay Surrendra Park Hotels Limited (PARKHOTELS) has announced its acquisition of a 100% stake in THALI Hotels and Destinations Private Limited (THALI) and Fishermans Grove Resorts Private Limited (FGRPL). This strategic move involves acquiring THALI's lakefront property 'Purity' and a luxury houseboat 'Discovery' in Kerala. Additionally, the company has entered into a Lease Deed and Share Purchase Agreement with Cochin Residency Private Limited (CRPL) to acquire 'The Malabar House', a hotel property in Fort Kochi, Kerala. PARKHOTELS will acquire 75.39% of THALI's paid-up share capital and 100% of FGRPL's paid-up share capital. For CRPL, the acquisition includes at least 90.96% of its shareholding, with an option to acquire up to 100%. Upon completion, the financial results of 'Purity' and 'The Malabar House' will be consolidated into the company's financial statements. THALI, incorporated in 2007, operates in the boutique hospitality sector with turnovers of ₹2.46 crore in FY25, ₹2.56 crore in FY24, and ₹1.70 crore in FY23. FGRPL, incorporated in 1998, is engaged in the boutique hospitality and resort business, with no reported turnover in the last three financial years. CRPL, incorporated in 1994, owns and operates 'Malabar House', reporting turnovers of ₹4.97 crore in FY25, ₹5.02 crore in FY24, and ₹3.63 crore in FY23. The acquisition is expected to be completed as agreed between the parties, with cash as the consideration. The transactions are not considered related party transactions.