Acquisitions24 Apr 2026, 11:53 am
Chalet Hotels Acquires Seasons Hotels for ₹171 Cr
AI Summary
Chalet Hotels Ltd has acquired Seasons Hotels Private Limited, owner of Inder Residency Resort & Spa, Udaipur, for ₹1,710 million. The acquisition aligns with Chalet Hotels' expansion strategy to diversify its portfolio with leisure properties. The 144-room resort will be upgraded into an upper upscale/premium lifestyle destination. The acquisition is expected to be completed by May 15, 2026.
Key Highlights
- Chalet Hotels acquires Seasons Hotels Private Limited for ₹171 Cr.
- The acquisition includes Inder Residency Resort & Spa, Udaipur with 144 rooms.
- The deal is expected to close by May 15, 2026.
- The acquisition aligns with Chalet Hotels' expansion into leisure properties.
- Seasons Hotels reported a turnover of ₹74.3 million in FY25.