Chalet Hotels Limited Acquires Seasons Hotels for Udaipur Resort, Boosting Portfolio in Rajasthan

Chalet Hotels Limited Acquires Seasons Hotels for Udaipur Resort, Boosting Portfolio in Rajasthan​

Chalet Hotels Limited (CHL), an owner, developer, asset manager, and operator of high-end hotels and resorts, has announced its acquisition of Seasons Hotels Private Limited. This transaction facilitates CHL’s entry into Udaipur, Rajasthan, by acquiring the owning entity of the Inder Residency Resort & Spa. The total consideration for the acquisition has been set at Rs.1,710 million.

The acquisition is a strategic move for CHL, reinforcing its disciplined expansion into high-growth leisure markets. The asset, situated across approximately 8.2 acres, includes 144 rooms, expansive lawns, a large banqueting space, two restaurants, and a bar. The resort will be upgraded to become an upper upscale or premium lifestyle destination and will remain non-operational during the refurbishment period. Chalet Hotels Limited plans to evaluate the possibility of expanding the property by adding additional rooms.

Speaking on the deal, Mr. Shwetank Singh, Managing Director & CEO of Chalet Hotels Limited, stated that the investment reflects the company's ongoing focus on high-growth leisure destinations with strong long-term potential. He noted that the property is well-located and offers significant potential for value creation through repositioning and refurbishment, aiming to create a high-quality, experience-led destination.

The detailed background of the target entity, Seasons Hotels Private Limited, shows that the resort commenced commercial operations in October 2008. The company's turnover data for the last two financial years is as follows:


The acquisition aims to diversify CHL's portfolio by including leisure properties spanning different geographies, a line of business that aligns with the company’s existing operations.

About Chalet Hotels Limited​

Chalet Hotels Limited, which is part of K Raheja Corp, operates as an owner, developer, and asset manager of luxury resorts in India. The company currently manages 11 operating hotels and resorts with 3,389 keys across globally recognized brands, including JW Marriott, The Westin, and Novotel. Additionally, Chalet Hotels has approximately 1,510 rooms under development. The company has recently launched ATHIVA, a new-age premium lifestyle hospitality brand, strengthening its presence in the premium hospitality space. Chalet is also expanding its commercial real estate portfolio from 2.4 million square feet to 3.3 million square feet.

CHALET Stock Price Movement​

Shares of Chalet Hotels Limited are edging higher to ₹791.9 as of 11:54 AM today, gaining 0.44% in live trading. The stock's upward momentum is supported by sustained buying interest, with trading volume currently logging 46,917 shares.