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Chalet Hotels plans to add 1,000 new rooms, acquisition to fuel expansion

Thursday, 19 Dec 2024
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Chalet Hotels, backed by K Raheja Corp., is set to add 1,000 rooms across India’s major cities over the next few years, representing a 33 percent increase in its current capacity. The expansion, which includes acquisitions and new developments, will be funded through internal accruals.

With 3,052 rooms spread across 10 properties like JW Marriott Mumbai Sahar and The Westin Hyderabad, Chalet's focus remains on large-format hotels in bigger cities, often tied to office complexes with long-term leases, or of at least 8-10 years. The company leverages its 2.4 million sq. ft. of office space, generating annual returns of Rs 300 crore to fund new projects.

Recent acquisitions include an 11-acre plot near Varca beach, Goa, as well as properties like The Dukes Retreat in Khandala and Courtyard by Marriott Aravali Resort in the Delhi-NCR. Chalet is also opening a new hotel at Delhi Indira Gandhi International Airport and holds rental assets in Mumbai and Bengaluru. "Instead, the company will focus on locations within 3-4 hours’ driving distance from big cities for leisure projects. Future developments are under consideration in Bengaluru, Mumbai, Delhi, Hyderabad, and similar urban centers." Managing Director and CEO, Sanjay Sethi said.

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