Chalet Hotels Limited is an Indian hotel chain company founded in 1986 and part of K Raheja Corp.[2] It owns, develops, and manages assets and a hotel-led mixed-use developer in metro cities in Mumbai, Hyderabad, Bengaluru, and Pune.[3] It currently manages upscale hotels like JW Marriott Mumbai Sahar, Four Points by Sheraton Navi Mumbai, The Westin Hyderabad Mindspace, Bengaluru Marriott Hotel Whitefield, and The Westin Mumbai Powai Lake (Renaissance Hotel).[4][5][6]
In 2020, the company signed a Share Purchase Agreement (SPA) for the purchase of the Pune-based Novotel Hotel and another affiliate entity for an aggregate enterprise value of ₹290 crore.[8] It partnered with US-based Marriott Hotels for over 1,500 keys in the luxury and upper-upscale hotel segment in India.[9]
In March 2023, the company acquired the 80-room resort The Dukes Retreat in Khandala, Maharashtra, for an enterprise value of ₹133 crore.[10][5]
In June 2023, in total the company have 2,800 keys (owned and leased rooms).[11] It launched its new all-women-operated hotel, The Westin Hyderabad HITEC City, in partnership with Marriott International.[12] In 2023, Tata Power Renewable Energy Limited (TPREL) has strategically partnered with the company for a power delivery agreement (PDA) for a captive project for 6 MW AC. Under this arrangement, from the renewable sources plant will generate 13.75 million units of clean energy.[13]
Referencesedit
^"Leadership". Chalet Hotels official website. Retrieved 4 December 2023.
^"Now, investors can safely check into K Raheja Corp's Chalet Hotels". Business Standard. 28 Jan 2019. Retrieved 20 Sep 2023.
^"Multibagger stock: 200% in 2 years! Here's why ICICI Securities is betting on Chalet Hotels". Business Today. 2023-08-29. Retrieved 2023-09-20.
^Unnikrishnan, C H (2023-08-29). "Chalet Hotels plans 1000 more rooms across India; MD says all are under development already". cnbctv18.com. Retrieved 2023-10-04.
^ abKhosla, Varuni (2023-03-23). "Chalet Hotels acquires 80-room hotel in Khandala for ₹133 crore". mint. Retrieved 2023-09-20.
^"Chalet Hotels Limited unveils rebranded The Westin Mumbai Powai Lake - ET HospitalityWorld". ETHospitalityWorld.com. Retrieved 2023-12-06.
^Sonavane, Ravindra N. (2019-02-07). "Chalet Hotels lists at 4% premium on stock market debut". mint. Retrieved 2023-09-20.
^"Chalet buys Novotel, affiliate for Rs 290 crore". The Times of India. 2020-01-19. ISSN 0971-8257. Retrieved 2023-09-20.
^Chaturvedi, Anumeha (2020-01-02). "Chalet Hotels signs 5 new management deals with Marriott". The Economic Times. ISSN 0013-0389. Retrieved 2023-09-20.
^"Chalet Hotels plans 1000 more rooms across India; MD says all are under development already". cnbctv18.com. 2023-08-29. Retrieved 2023-09-20.
^Krishnan, Janaki (2023-09-29). "Hotel demand to grow in double digits with high rates, occupancies: CEO of Chalet Hotels". BusinessLine. Retrieved 2023-10-04.
^Joshi, Navisha (2023-06-06). "Chalet Hotels launches all-women operated hotel in Hyderabad, stock gains marginally". Moneycontrol. Retrieved 2023-09-20.
^"Tata Power hits 52-week high as arm signs agreement with Chalet Hotels". Moneycontrol. 2023-09-04. Retrieved 2023-10-04.
External linksedit
Official website
May 08, 2024
chalet, hotels, limited, indian, hotel, chain, company, founded, 1986, part, raheja, corp, owns, develops, manages, assets, hotel, mixed, developer, metro, cities, mumbai, hyderabad, bengaluru, pune, currently, manages, upscale, hotels, like, marriott, mumbai,. Chalet Hotels Limited is an Indian hotel chain company founded in 1986 and part of K Raheja Corp 2 It owns develops and manages assets and a hotel led mixed use developer in metro cities in Mumbai Hyderabad Bengaluru and Pune 3 It currently manages upscale hotels like JW Marriott Mumbai Sahar Four Points by Sheraton Navi Mumbai The Westin Hyderabad Mindspace Bengaluru Marriott Hotel Whitefield and The Westin Mumbai Powai Lake Renaissance Hotel 4 5 6 Chalet Hotels LimitedCompany typePrivateTraded asNSE CHALET BSE 542399IndustryHospitalityFounded1986HeadquartersMumbai IndiaArea servedIndiaKey peopleSanjay Sethi CEO Milind Wadekar CFO Shwetank Singh CGSO Rajneesh Malhotra VP Vishal Sharma SVP Rashna Kapadi AVP ServicesHotels and resortsWebsitewww wbr chalethotels wbr comFootnotes references 1 History editChalet was publicly listed on the National Stock Exchange and Bombay Stock Exchange on 7 February 2019 7 In 2020 the company signed a Share Purchase Agreement SPA for the purchase of the Pune based Novotel Hotel and another affiliate entity for an aggregate enterprise value of 290 crore 8 It partnered with US based Marriott Hotels for over 1 500 keys in the luxury and upper upscale hotel segment in India 9 In March 2023 the company acquired the 80 room resort The Dukes Retreat in Khandala Maharashtra for an enterprise value of 133 crore 10 5 In June 2023 in total the company have 2 800 keys owned and leased rooms 11 It launched its new all women operated hotel The Westin Hyderabad HITEC City in partnership with Marriott International 12 In 2023 Tata Power Renewable Energy Limited TPREL has strategically partnered with the company for a power delivery agreement PDA for a captive project for 6 MW AC Under this arrangement from the renewable sources plant will generate 13 75 million units of clean energy 13 References edit Leadership Chalet Hotels official website Retrieved 4 December 2023 Now investors can safely check into K Raheja Corp s Chalet Hotels Business Standard 28 Jan 2019 Retrieved 20 Sep 2023 Multibagger stock 200 in 2 years Here s why ICICI Securities is betting on Chalet Hotels Business Today 2023 08 29 Retrieved 2023 09 20 Unnikrishnan C H 2023 08 29 Chalet Hotels plans 1000 more rooms across India MD says all are under development already cnbctv18 com Retrieved 2023 10 04 a b Khosla Varuni 2023 03 23 Chalet Hotels acquires 80 room hotel in Khandala for 133 crore mint Retrieved 2023 09 20 Chalet Hotels Limited unveils rebranded The Westin Mumbai Powai Lake ET HospitalityWorld ETHospitalityWorld com Retrieved 2023 12 06 Sonavane Ravindra N 2019 02 07 Chalet Hotels lists at 4 premium on stock market debut mint Retrieved 2023 09 20 Chalet buys Novotel affiliate for Rs 290 crore The Times of India 2020 01 19 ISSN 0971 8257 Retrieved 2023 09 20 Chaturvedi Anumeha 2020 01 02 Chalet Hotels signs 5 new management deals with Marriott The Economic Times ISSN 0013 0389 Retrieved 2023 09 20 Chalet Hotels plans 1000 more rooms across India MD says all are under development already cnbctv18 com 2023 08 29 Retrieved 2023 09 20 Krishnan Janaki 2023 09 29 Hotel demand to grow in double digits with high rates occupancies CEO of Chalet Hotels BusinessLine Retrieved 2023 10 04 Joshi Navisha 2023 06 06 Chalet Hotels launches all women operated hotel in Hyderabad stock gains marginally Moneycontrol Retrieved 2023 09 20 Tata Power hits 52 week high as arm signs agreement with Chalet Hotels Moneycontrol 2023 09 04 Retrieved 2023 10 04 External links editOfficial website Retrieved from https en wikipedia org w index php title Chalet Hotels amp oldid 1189349639, wikipedia, wiki, book, books, library,
