Chalet Hotels Ltd

The board of Chalet Hotels at its meeting held on 24 April 2026 has approved the acquisition of Seasons Hotels, owning company of a 144 room hotel viz. Inder Residency Resort & Spa, Udaipur in the state of Rajasthan for a consideration of Rs.171 crore.

The company is in the process of entering into definitive agreements with the concerned parties. Seasons Hotels owns the Inder Residency Resort & Spa, a 144-room property spread across 8.2 acres, including around 3 acres of lawn area. The resort features extensive banqueting facilities, two restaurants, and a bar. The company was incorporated on 27 December 2001, and the hotel commenced commercial operations in October 2008. Financially, Seasons Hotels reported a turnover of Rs 7.43 crore in FY25, Rs 10.35 crore in FY24, and Rs 9.72 crore in FY23. Chalet Hotels stated that the acquisition aligns with its expansion strategy to diversify its portfolio by adding leisure properties across different geographies. The transaction, involving 100% acquisition of equity shares in tranches through cash consideration, is expected to be completed by 15 May 2026 or a mutually agreed date thereafter. The company clarified that the acquisition does not fall under related party transactions and that its promoter group has no interest in the entity being acquired. Shwetank Singh, Managing Director & CEO, Chalet Hotels, said: 'We are delighted to announce our entry into Rajasthan with the acquisition of this resort in Udaipur, a market we have been keen to enter. This investment reflects our continued focus on expanding in high-growth leisure destinations with strong long-term potential. The property is well-located and offers significant headroom for value creation through refurbishment, repositioning, and expansion. As we enhance and reposition the resort, our focus will be on creating a high-quality, experience-led destination that delivers both strong guest appeal and long-term value.' The company's consolidated net profit jumped 28.5% to Rs 124.09 crore on a 27.1% rise in net sales to Rs 581.68 crore in Q4 FY26 over Q4 FY25.

Chalet Hotels (CHL) marks its foray into Udaipur, Rajasthan with the acquisition of 'Seasons Hotels', the owning entity of the property - 'Inder Residency Resort & Spa Udaipur', for a total consideration of Rs 171 crore. This acquisition reinforces CHL's strategy of disciplined expansion in high-growth leisure markets, with a focus on asset enhancement, premium positioning, and long-term value creation. The property spread across ~8.2 Acres features 144 rooms, expansive lawns, and banqueting facilities, making it well-suited for weddings, MICE, and leisure travel. The property will be upgraded to upper upscale / premium lifestyle destination and remain non operative during this period. CHL will evaluate the possibility of expanding the property and adding additional rooms. Speaking on the acquisition, Shwetank Singh, Managing Director & CEO, Chalet Hotels, said: 'We are delighted to announce our entry into Rajasthan with the acquisition of this resort in Udaipur, a market we have been keen to enter. This investment reflects our continued focus on expanding in high-growth leisure destinations with strong long-term potential. The property is well-located and offers significant headroom for value creation through refurbishment, repositioning, and expansion. As we enhance and reposition the resort, our focus will be on creating a high-quality, experience-led destination that delivers both strong guest appeal and long-term value.'

Net profit of Chalet Hotels rose 28.54% to Rs 124.09 crore in the quarter ended December 2025 as against Rs 96.54 crore during the previous quarter ended December 2024. Sales rose 27.06% to Rs 581.68 crore in the quarter ended December 2025 as against Rs 457.79 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales581.68457.79 27 OPM %45.5744.71 - PBDT226.72166.06 37 PBT168.26118.35 42 NP124.0996.54 29 Powered by Capital Market - Live

Chalet Hotels will hold a meeting of the Board of Directors of the Company on 2 February 2026.Powered by Capital Market - Live

Chalet Hotels announced that the Board of Directors of the Company at its meeting held on 04 November 2025, has recommended a Interim Dividend of Rs.1 per share (i.e.10%), subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Chalet Hotels reported to Rs 154.84 crore in the quarter ended September 2025 as against net loss of Rs 138.49 crore during the previous quarter ended September 2024. Sales rose 95.02% to Rs 735.31 crore in the quarter ended September 2025 as against Rs 377.05 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales735.31377.05 95 OPM %40.7039.66 - PBDT262.36121.79 115 PBT204.9579.42 158 NP154.84-138.49 LP Powered by Capital Market - Live

Chalet Hotels will hold a meeting of the Board of Directors of the Company on 4 November 2025.Powered by Capital Market - Live

Chalet Hotels (CHL) announced the launch of ATHIVA Hotels & Resorts, a premium lifestyle hospitality brand debuting with over 900 keys across six hotels. Derived from the Sanskrit word for 'abundance' and 'to a great extent', ATHIVA, a proprietary brand of CHL, is built on the ethos of joy, sustainability, and wellness, delivering the assurance of the expected, and the joy of the unexpected. The brand makes its debut with the transformation of the iconic The Dukes Retreat in Khandala, now reimagined as ATHIVA Resort & Spa, Khandala. Featuring 147 rooms, including 11 elegant suites, this property embodies refined luxury, authentic local experiences, and responsible practices, positioning itself as a sanctuary of premium living. Alongside this hotel, Chalet has identified five additional properties to transition to ATHIVA, over a period of time. These include a fully renovated business hotel in Navi Mumbai, The Resort at Aksa Beach, a K Raheja Corp Group Hotel and three greenfield projects under development'two in Goa and one in Thiruvananthapuram. With more than 900 keys committed at launch with plans to double capacity within three years, ATHIVA represents a strategic lifestyle hospitality rollout in India, leveraging the brand strength of Chalet Hotels with a bold, experience-first vision for the future of travel.Powered by Capital Market - Live

Chalet Hotels has allotted of 2,000 Listed, Rated, Taxable, Transferable Commercial Paper ('CPs') aggregating to Rs.100 crore on a Private Placement basis. Powered by Capital Market - Live