CHALET

Major Corporate & Expansion Updates

Major Corporate & Expansion Updates New acquisition: Chalet Hotels has agreed to acquire a large resort property in Udaipur, Rajasthan (about 150 rooms) in a deal valued at around ₹171 crore, expanding its hospitality footprint. Premium brand launch: The company has unveiled a new premium lifestyle hospitality brand called ATHIVA Hotels & Resorts, aiming at upscale guests and experiences across India, with multiple properties already in its initial portfolio. Brand rollout: Under the Athiva initiative, around six premium hotels and resorts have been rebranded or launched, strengthening the company’s presence in the premium segment. Financial & Market Moves Analysts and market strategists have highlighted Chalet Hotels as a top pick in the hotel sector, showing strong demand fundamentals compared to peers. Chalet Hotels anticipates rapid margin growth in the second half of the financial year as room occupancies stabilize and travel demand (including weddings, business travel, and events) strengthens. Leadership and People Initiatives The company has announced leadership succession planning and internal talent development programs to build future hospitality leaders. Chalet Hotels launched ‘Lakshya’, a structured management trainee program to cultivate next-generation hospitality professionals.