CM Punjab Bhagwant Mann inaugurates the historic 18-century Ran Baas, The Palace as Punjab's first luxury palace hotel by ASPHL

Apeejay Surrendra Park Hotels Limited (ASPHL) proudly announces the formal inauguration of the fully operational Ran Baas, The Palace by Punjab Chief Minister Shri Bhagwant Mann. The majestic palace is a key landmark in India's history and a remarkable example of the synthesis between late Mughal and Rajasthani architectural styles, reflecting a rich cultural heritage.

The Chief Minister expressed his appreciation for the landmark addition to Punjab's hospitality landscape, recognizing its potential to position Patiala as a tourist destination. Shri Bhagwant Mann remarked, "Today, we proudly dedicate Punjab's first luxury palace hotel, Ran Baas, The Palace, to the people of our state. It marks a significant milestone in our commitment to preserving and showcasing the rich cultural heritage of Punjab. Developed on the PPP model, it represents a significant milestone in the Punjab government's efforts to preserve and celebrate the state's glorious cultural heritage. With its seamless connectivity by rail, air, and road, this is not merely a hotel but a landmark that belongs to every citizen of Punjab, embodying the spirit of our history while paving the way for a brighter future."

Originally built in 1763 by Baba Ala Singh, the first Maharaja of Patiala, Qila Mubarak stands as a majestic 10-acre complex in the heart of the city. Historically used as a guesthouse for the Maharaja's esteemed visitors, Ran Baas, The Palace has been restored as Punjab's first luxury palace hotel, seamlessly blending heritage with contemporary luxury to reflect THE Park Hotels' distinctive design ethos.

The 35-suite palace blends the old with the new, merging late Mughal, Rajput, Sikh, and Colonial styles while preserving the architectural integrity of Punjab's rich heritage. The design, rooted in THE Park Hotels' signature approach, reimagines the lost glory of the region's culture and aesthetics. The Palace was partially operational since the last quarter of 2024.

Spread across three floors, it offers an array of modern amenities, including an all-day dining restaurant, a chic bar, a rejuvenating spa with a pool and gym, and extensive indoor and outdoor banqueting spaces - all paired with THE Park's signature Anything But Ordinary experiences. In addition to offering opulent accommodations, Ran Baas, The Palace provides a range of exhibition and baithak spaces, perfect for adding a touch of royal grandeur to weddings and special events. Located near key tourist attractions, religious sites, and popular daily excursions, the hotel offers an ideal base for exploring the riches of Patiala.

Priya Paul, Chairperson, Apeejay Surrendra Park Hotels Ltd. said, "It is a great honour to have Hon'ble Chief Minister Shri Bhagwant Mann inaugurate Ran Baas, The Palace. We are thankful for the Government of Punjab's steadfast commitment to preserving and celebrating the state's rich heritage and culture. Reviving this historic gem has been an extraordinary journey, reflecting our commitment to reshaping Indian hospitality. Ran Baas, The Palace is particularly meaningful, with the Apeejay Surrendra Group's legacy beginning on Punjab's soil in Jalandhar over a century ago, in 1910."

Vijay Dewan, Managing Director, Apeejay Surrendra Park Hotels Ltd. remarked, "The inauguration of fully operational Ran Baas, The Palace represents a significant milestone in our commitment to preserving India's cultural heritage while delivering Anything But Ordinary experiences. This project aligns with our strategy to offer a unique, authentic heritage stay integrated with modern amenities. We are confident that the stunning Ran Baas, The Palace will become a key asset in our portfolio, while becoming a treasured destination for travellers and positioning us as a leader in the luxury heritage hotel sector."

Shares of Apeejay Surrendra Park Hotels Limited was last trading in BSE at Rs. 198.75 as compared to the previous close of Rs. 197.00. The total number of shares traded during the day was 30703 in over 1162 trades.

The stock hit an intraday high of Rs. 201.80 and intraday low of 196.40. The net turnover during the day was Rs. 6087326.00.

Source : Equity Bulls

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