Chalet Hotels Limited is an Indian hotel chain company founded in 1986 and part of

K Raheja Corp K Raheja Corp is a property developer in India with interests in commercial and residential projects, malls and hospitality across multiple cities in the country. It owns the brands Mindspace, Commerzone, Crossword Bookstores and Shoppers St ...

. It owns, develops, and manages assets and a hotel-led mixed-use developer in metro cities in Mumbai,

Hyderabad Hyderabad ( ; , ) is the capital and largest city of the Indian state of Telangana and the ''de jure'' capital of Andhra Pradesh. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part ...

Bengaluru Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...

, and

Pune Pune (; ; also known as Poona, (List of renamed Indian cities and states#Maharashtra, the official name from 1818 until 1978) is one of the most important industrial and educational hubs of India, with an estimated population of 7.4 million ...

. It currently manages upscale hotels like

JW Marriott JW Marriott is a luxury hotel brand owned by Marriott International. History The JW Marriott brand was established in 1984, with the opening of the first hotel in Washington, D.C. It was named as a tribute to J.W. Marriott, the founder of Marri ...

Mumbai Sahar, Four Points by Sheraton

Navi Mumbai Navi Mumbai (), is a planned city situated on the west coast of the Indian subcontinent, located in the Konkan division of Maharashtra state, on the mainland of India. Navi Mumbai is part of the Mumbai Metropolitan Region (MMR). The city is ...

, The

Westin Westin Hotels & Resorts is an American upscale hotel chain owned by Marriott International. , the Westin Brand has 226 properties with 82,608 rooms in multiple countries in addition to 58 hotels with 15,741 rooms in the pipeline. History Wester ...

Hyderabad Mindspace, Bengaluru Marriott Hotel Whitefield, and The Westin Mumbai Powai Lake (Renaissance Hotel).

History

Chalet was publicly listed on the National Stock Exchange and

Bombay Stock Exchange BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange in ...

on 7 February 2019. 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. It partnered with US-based

Marriott Hotels Marriott Hotels & Resorts is Marriott International's brand of full-service hotels and resorts based in Bethesda, Maryland. As of June 30, 2020, there were 582 hotels and resorts with 205,053 rooms operating under the brand, in addition to 160 ...

for over 1,500 keys in the luxury and upper-upscale hotel segment in India. In March 2023, the company acquired the 80-room resort The Dukes Retreat in

Khandala Khandala is a hill station in the Western Ghats in the state of Maharashtra, India, about from Lonavala, 12 kilometres from Khopoli and from Karjat. Khandala is located at the top end of the Bhor Ghat, a major ''ghat'' (meaning valley in ...

Maharashtra Maharashtra (; , abbr. MH or Maha) is a states and union territories of India, state in the western India, western peninsular region of India occupying a substantial portion of the Deccan Plateau. Maharashtra is the List of states and union te ...

, for an enterprise value of ₹133 crore. In June 2023, in total the company have 2,800 keys (owned and leased rooms). It launched its new all-women-operated hotel, The Westin Hyderabad

HITEC City The Hyderabad Information Technology and Engineering Consultancy City, abbreviated as HITEC City, is an Indian information technology, engineering, health informatics, and bioinformatics, financial business district located in Hyderabad, Tel ...

, in partnership with Marriott International. In 2023,

Tata Power Tata Power Company Limited is an Indian electric utility company based in Mumbai, Maharashtra, India and is part of the Tata Group. The core business of the company is to generate, transmit and distribute electricity. With an installed electri ...

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.

References

External links

* {{Official website, https://www.chalethotels.com/ Hotel chains in India Companies based in Mumbai Hotels established in 1986 1986 establishments in India Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange