Chalet Hotels Share Price
Chalet Hotels Ltd.
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About Chalet Hotels
On January 6, 1986, Chalet Hotels Limited was founded as a private limited company under Kenwood Hotels Private Limited. After going public on July 19, 1997, the firm changed its name to Kenwood Hotels Limited.
The Company's name was changed to "K. Raheja Resorts & Hotels Limited" by a decision of the shareholders dated March 2, 1998, and the RoC issued a new certificate of incorporation on April 6, 1998.
In addition, the company's name was changed to "Chalet Hotels Limited" on May 4, 1999, after a new certificate of incorporation was granted by the RoC on April 24, 1999, per a resolution passed by the shareholders on April 24, 1999. The Company changed its name to "Chalet Hotels Private Limited" on October 15, 2011, after converting to a private limited company per a resolution voted by the shareholders on August 25, 2011.
The Company was converted to a public limited company, and the name changed to 'Chalet Hotels Limited' on June 6, 2018, per a resolution approved by the shareholders on June 4, 2018, and a new certificate of incorporation issued by the RoC on June 6, 2018.
In addition to commercial and retail activities and real estate development, the company is also involved in the hotel sector. The Company owns commercial property in Bengaluru and Sahar, Mumbai, operates five hotels in Powai, Sahar, Vashi, Bengaluru, and Hyderabad, and is developing residential property in Bengaluru. All of these properties are active as of March 31, 2022. The company's long-term goal is to have its hotels' names associated with major international hotel chains. They may avoid the hassle and expense of creating and maintaining their "own hotel brand" this way.
Currently, Marriott Hotels India Private Limited and its affiliates (collectively 'Marriott') own the hotel brands used by the Company. These include the JW Marriott, Westin Marriott, Marriott Executive Apartments, Renaissance, and Four Points by Sheraton brands. Through in-depth financial and operational research, the Company also decides whether to manage hotels in-house or hire outside management.
Currently, four of its hotels, including its serviced apartment in Vashi Navi Mumbai, are run by them under hotel operating and associated agreements with Marriott. The Company's hotel assets that third parties manage are subject to a rigorous active asset management strategy, which requires the Company to keep a close eye on and provide frequent monitoring of the hotels' operations. The K. Raheja Corp group, of which the Company is a subsidiary, is a major Indian conglomerate. The firms that make up K. Raheja Corp (the "K. Raheja Companies") have vast expertise in developing large-scale real estate, hotel, and commercial projects, giving them a deep knowledge of current trends in the market.
Mr. Ravi C. Raheja and Mr. Neel C. Raheja, known as the "Promoters," are two individuals who have played key roles in the development of the firm and who provide invaluable counsel in areas such as financial management, corporate strategy, and the management of the hotel and retail divisions. Competent executives lead the Company with deep knowledge in their field.
A total of 58613571 equity shares having a face value of Rs 10 each were offered in an Initial Public Offering (IPO) by Chalet Hotels Limited for a total of Rs1614.18 Crores in cash (for Rs 280 per equity share, plus a share premium of Rs 270 per equity share). Do you want to know more about Chalet Hotels Shares? Click Here to know about Chalet Hotels Share Price for today.
The Company's name was changed to "K. Raheja Resorts & Hotels Limited" by a decision of the shareholders dated March 2, 1998, and the RoC issued a new certificate of incorporation on April 6, 1998.
In addition, the company's name was changed to "Chalet Hotels Limited" on May 4, 1999, after a new certificate of incorporation was granted by the RoC on April 24, 1999, per a resolution passed by the shareholders on April 24, 1999. The Company changed its name to "Chalet Hotels Private Limited" on October 15, 2011, after converting to a private limited company per a resolution voted by the shareholders on August 25, 2011.
The Company was converted to a public limited company, and the name changed to 'Chalet Hotels Limited' on June 6, 2018, per a resolution approved by the shareholders on June 4, 2018, and a new certificate of incorporation issued by the RoC on June 6, 2018.
In addition to commercial and retail activities and real estate development, the company is also involved in the hotel sector. The Company owns commercial property in Bengaluru and Sahar, Mumbai, operates five hotels in Powai, Sahar, Vashi, Bengaluru, and Hyderabad, and is developing residential property in Bengaluru. All of these properties are active as of March 31, 2022. The company's long-term goal is to have its hotels' names associated with major international hotel chains. They may avoid the hassle and expense of creating and maintaining their "own hotel brand" this way.
Currently, Marriott Hotels India Private Limited and its affiliates (collectively 'Marriott') own the hotel brands used by the Company. These include the JW Marriott, Westin Marriott, Marriott Executive Apartments, Renaissance, and Four Points by Sheraton brands. Through in-depth financial and operational research, the Company also decides whether to manage hotels in-house or hire outside management.
Currently, four of its hotels, including its serviced apartment in Vashi Navi Mumbai, are run by them under hotel operating and associated agreements with Marriott. The Company's hotel assets that third parties manage are subject to a rigorous active asset management strategy, which requires the Company to keep a close eye on and provide frequent monitoring of the hotels' operations. The K. Raheja Corp group, of which the Company is a subsidiary, is a major Indian conglomerate. The firms that make up K. Raheja Corp (the "K. Raheja Companies") have vast expertise in developing large-scale real estate, hotel, and commercial projects, giving them a deep knowledge of current trends in the market.
Mr. Ravi C. Raheja and Mr. Neel C. Raheja, known as the "Promoters," are two individuals who have played key roles in the development of the firm and who provide invaluable counsel in areas such as financial management, corporate strategy, and the management of the hotel and retail divisions. Competent executives lead the Company with deep knowledge in their field.
A total of 58613571 equity shares having a face value of Rs 10 each were offered in an Initial Public Offering (IPO) by Chalet Hotels Limited for a total of Rs1614.18 Crores in cash (for Rs 280 per equity share, plus a share premium of Rs 270 per equity share). Do you want to know more about Chalet Hotels Shares? Click Here to know about Chalet Hotels Share Price for today.
Fundamentals of Chalet Hotels Shares
Market Cap |
P/E Ratio |
P/B Ratio |
Industry P/E |
|---|---|---|---|
Rs. 7436.25 Cr |
0.00 |
4.51 |
78.72 |
ROE |
EPS (TTM) |
Dividend Yield |
Book Value |
|---|---|---|---|
-4.55 % |
-3.10 |
0.00 % |
73.97 |
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What is the Market Cap of Chalet Hotels Ltd. shares?
As of 01 Apr`23 the Market Cap of Chalet Hotels Ltd. is 7436.25.
What is the PE and PB ratio of Chalet Hotels Ltd. stock?
As of 01 Apr`23 the PE is 0.00 and PB is 4.51.
Chalet Hotels - Quaterly Results
Publish Date: 21/10/2022
The topline advanced to Rs. 2350.76 millions, up 94.00% for the September 2022 quarter as against Rs. 1211.72 millions during the year-ago period.The Total Profit for the quarter ended September 2022 of Rs. 145.27 millions grew from Rs.-94.53 millionsOP of the company witnessed a marginal growth to 841.80 millions from 440.82 millions in the same quarter last year.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Sales | 2350.76 | 1211.72 | 94.00 | 4744.91 | 1862.84 | 154.71 | 4807.97 | 2755.06 | 74.51 |
| Other Income | 21.81 | 88.79 | -75.44 | 88.53 | 143.18 | -38.17 | 206.74 | 203.16 | 1.76 |
| PBIDT | 841.80 | 440.82 | 90.96 | 1882.91 | 423.33 | 344.79 | 1178.61 | 343.64 | 242.98 |
| Interest | 378.53 | 380.53 | -0.53 | 758.63 | 727.39 | 4.29 | 1399.54 | 1450.08 | -3.49 |
| PBDT | 475.83 | 45.22 | 952.26 | 1126.75 | -329.52 | -441.94 | -265.51 | -1148.15 | -76.87 |
| Depreciation | 274.97 | 280.06 | -1.82 | 551.29 | 548.65 | 0.48 | 1090.92 | 1076.34 | 1.35 |
| PBT | 200.86 | -234.84 | -185.53 | 575.46 | -878.17 | -165.53 | -1356.43 | -2224.49 | -39.02 |
| TAX | 55.59 | -140.31 | -139.62 | 159.27 | -415.37 | -138.34 | -720.35 | -1093.21 | -34.11 |
| Deferred Tax | 55.59 | -140.31 | -139.62 | 159.27 | -415.37 | -138.34 | -681.77 | -1028.21 | -33.69 |
| PAT | 145.27 | -94.53 | -253.68 | 416.19 | -462.80 | -189.93 | -636.08 | -1131.28 | -43.77 |
| Equity | 2050.25 | 2050.24 | 0.00 | 2050.25 | 2050.24 | 0.00 | 2050.24 | 2050.24 | 0.00 |
| PBIDTM(%) | 35.81 | 36.38 | -1.57 | 39.68 | 22.72 | 74.62 | 24.51 | 12.47 | 96.53 |
Chalet Hotels - Quaterly Results
Publish Date: 24/01/2023
The topline advanced to Rs. 2761.61 millions, up 78.79% for the December 2022 quarter as against Rs. 1544.65 millions during the year-ago period.The Total Profit for the quarter ended December 2022 of Rs. 1012.49 millions grew from Rs.-77.34 millionsOP of the company witnessed a marginal growth to 1419.94 millions from 398.03 millions in the same quarter last year.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 2761.61 | 1544.65 | 78.79 | 7506.52 | 3407.49 | 120.29 | 4807.97 | 2755.06 | 74.51 |
| Other Income | 320.48 | 11.97 | 2577.36 | 409.01 | 155.15 | 163.62 | 206.74 | 203.16 | 1.76 |
| PBIDT | 1419.94 | 398.03 | 256.74 | 3302.85 | 821.36 | 302.12 | 1178.61 | 343.64 | 242.98 |
| Interest | 365.41 | 325.91 | 12.12 | 1124.04 | 1053.30 | 6.72 | 1399.54 | 1450.08 | -3.49 |
| PBDT | 1659.53 | 63.09 | 2530.42 | 2786.28 | -266.43 | -1145.78 | -265.51 | -1148.15 | -76.87 |
| Depreciation | 259.82 | 260.51 | -0.26 | 811.11 | 809.16 | 0.24 | 1090.92 | 1076.34 | 1.35 |
| PBT | 1399.71 | -197.42 | -809.00 | 1975.17 | -1075.59 | -283.64 | -1356.43 | -2224.49 | -39.02 |
| TAX | 387.22 | -120.08 | -422.47 | 546.49 | -535.45 | -202.06 | -720.35 | -1093.21 | -34.11 |
| Deferred Tax | 387.22 | -120.08 | -422.47 | 546.49 | -535.45 | -202.06 | -681.77 | -1028.21 | -33.69 |
| PAT | 1012.49 | -77.34 | -1409.14 | 1428.68 | -540.14 | -364.50 | -636.08 | -1131.28 | -43.77 |
| Equity | 2050.25 | 2050.24 | 0.00 | 2050.25 | 2050.24 | 0.00 | 2050.24 | 2050.24 | 0.00 |
| PBIDTM(%) | 51.42 | 25.77 | 99.54 | 44.00 | 24.10 | 82.54 | 24.51 | 12.47 | 96.53 |
Chalet Hotels - Quaterly Results
Publish Date: 24/01/2023
The topline for the December 2022 quarter moved up 78.79% to Rs. 2761.61 millions as compared to Rs. 1544.65 millions during the year-ago period.The Total Profit for the quarter ended December 2022 of Rs. 1012.49 millions grew from Rs.-77.34 millionsThe company reported a good operating profit of 1419.94 millions compared to 398.03 millions of corresponding previous quarter.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 2761.61 | 1544.65 | 78.79 | 7506.52 | 3407.49 | 120.29 | 4807.97 | 2755.06 | 74.51 |
| Other Income | 320.48 | 11.97 | 2577.36 | 409.01 | 155.15 | 163.62 | 206.74 | 203.16 | 1.76 |
| PBIDT | 1419.94 | 398.03 | 256.74 | 3302.85 | 821.36 | 302.12 | 1178.61 | 343.64 | 242.98 |
| Interest | 365.41 | 325.91 | 12.12 | 1124.04 | 1053.30 | 6.72 | 1399.54 | 1450.08 | -3.49 |
| PBDT | 1659.53 | 63.09 | 2530.42 | 2786.28 | -266.43 | -1145.78 | -265.51 | -1148.15 | -76.87 |
| Depreciation | 259.82 | 260.51 | -0.26 | 811.11 | 809.16 | 0.24 | 1090.92 | 1076.34 | 1.35 |
| PBT | 1399.71 | -197.42 | -809.00 | 1975.17 | -1075.59 | -283.64 | -1356.43 | -2224.49 | -39.02 |
| TAX | 387.22 | -120.08 | -422.47 | 546.49 | -535.45 | -202.06 | -720.35 | -1093.21 | -34.11 |
| Deferred Tax | 387.22 | -120.08 | -422.47 | 546.49 | -535.45 | -202.06 | -681.77 | -1028.21 | -33.69 |
| PAT | 1012.49 | -77.34 | -1409.14 | 1428.68 | -540.14 | -364.50 | -636.08 | -1131.28 | -43.77 |
| Equity | 2050.25 | 2050.24 | 0.00 | 2050.25 | 2050.24 | 0.00 | 2050.24 | 2050.24 | 0.00 |
| PBIDTM(%) | 51.42 | 25.77 | 99.54 | 44.00 | 24.10 | 82.54 | 24.51 | 12.47 | 96.53 |
Chalet Hotels - Quaterly Results
Publish Date: 24/01/2023
The topline for the December 2022 quarter moved up 78.79% to Rs. 2761.61 millions as compared to Rs. 1544.65 millions during the year-ago period.The Total Profit for the quarter ended December 2022 of Rs. 1012.49 millions grew from Rs.-77.34 millionsThe company reported a good operating profit of 1419.94 millions compared to 398.03 millions of corresponding previous quarter.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Sales | 2761.61 | 1544.65 | 78.79 | 7506.52 | 3407.49 | 120.29 | 4807.97 | 2755.06 | 74.51 |
| Other Income | 320.48 | 11.97 | 2577.36 | 409.01 | 155.15 | 163.62 | 206.74 | 203.16 | 1.76 |
| PBIDT | 1419.94 | 398.03 | 256.74 | 3302.85 | 821.36 | 302.12 | 1178.61 | 343.64 | 242.98 |
| Interest | 365.41 | 325.91 | 12.12 | 1124.04 | 1053.30 | 6.72 | 1399.54 | 1450.08 | -3.49 |
| PBDT | 1659.53 | 63.09 | 2530.42 | 2786.28 | -266.43 | -1145.78 | -265.51 | -1148.15 | -76.87 |
| Depreciation | 259.82 | 260.51 | -0.26 | 811.11 | 809.16 | 0.24 | 1090.92 | 1076.34 | 1.35 |
| PBT | 1399.71 | -197.42 | -809.00 | 1975.17 | -1075.59 | -283.64 | -1356.43 | -2224.49 | -39.02 |
| TAX | 387.22 | -120.08 | -422.47 | 546.49 | -535.45 | -202.06 | -720.35 | -1093.21 | -34.11 |
| Deferred Tax | 387.22 | -120.08 | -422.47 | 546.49 | -535.45 | -202.06 | -681.77 | -1028.21 | -33.69 |
| PAT | 1012.49 | -77.34 | -1409.14 | 1428.68 | -540.14 | -364.50 | -636.08 | -1131.28 | -43.77 |
| Equity | 2050.25 | 2050.24 | 0.00 | 2050.25 | 2050.24 | 0.00 | 2050.24 | 2050.24 | 0.00 |
| PBIDTM(%) | 51.42 | 25.77 | 99.54 | 44.00 | 24.10 | 82.54 | 24.51 | 12.47 | 96.53 |
Chalet Hotels informs about analyst meet
Publish Date: 24/08/2022
Pursuant to the provisions of Regulation 30(6) read with Para A of Part A of Schedule Ill of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Chalet Hotels has informed about details of the Company's participation in Investor Conferences: DAM Capital - 'MID-CAP Virtual Investor Conference' on August 23, 2022; Dolat Capital - Annual Conference ‘The Challenge of Change’ on August 24, 2022.
The above information is a part of company’s filings submitted to BSE.
Chalet Hotels informs about credit rating
Publish Date: 28/09/2022
Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Chalet Hotels has informed that the Company has received intimation from ICRA vide letter dated September 27, 2022, reaffirming the Company's Credit Rating and the outlook on the long-term rating has been revised from Negative to Stable.
The above information is a part of company’s filings submitted to BSE.
Chalet Hotels informs about analyst meet
Publish Date: 20/01/2023
Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Chalet Hotels has informed that the Company is hosting a Conference Call on January 24, 2023 at 4.30 pm (IST), to discuss the performance / results for the quarter and nine months ended December 31, 2022, as per the invite attached. The aforesaid information will also be disclosed on the website of the Company www.chalethotels.com.
The above information is a part of company’s filings submitted to BSE.
Chalet Hotels informs about press release
Publish Date: 24/01/2023
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), Chalet Hotels has informed that it attached a copy of the Press Release in relation to Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2022 approved under Regulation 33 of the Listing Regulations by the Board of Directors of the Company at its meeting held today on January 24, 2023.
The above information is a part of company’s filings submitted to BSE.
Chalet Hotels informs about investor presentation
Publish Date: 24/01/2023
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), Chalet Hotels has informed that it enclosed a copy of the presentation prepared by the Company for the earnings call scheduled to be held today on Tuesday, January 24, 2023 at 4.30 pm (IST), in respect of the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2022, which have been approved by the Board of Directors of the Company at its meeting held earlier today.
The above information is a part of company’s filings submitted to BSE.
Chalet Hotels gains on completing acquisition of ‘The Dukes Retreat’ at Khandala
Publish Date: 24/03/2023
The company has completed the acquisition for an enterprise value of Rs 133.00 crore
Chalet Hotels is currently trading at Rs. 362.80, up by 2.30 points or 0.64% from its previous closing of Rs. 360.50 on the BSE.
The scrip opened at Rs. 362.20 and has touched a high and low of Rs. 363.95 and Rs. 360.70 respectively. So far 447 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 409.85 on 19-Oct-2022 and a 52 week low of Rs. 275.35 on 25-Apr-2022.
Last one week high and low of the scrip stood at Rs. 375.00 and Rs. 358.40 respectively. The current market cap of the company is Rs. 7391.15 crore.
The promoters holding in the company stood at 71.65%, while Institutions and Non-Institutions held 24.23% and 4.12% respectively.
Chalet Hotels (CHL) has completed acquisition of ‘The Dukes Retreat’ at Khandala, an 80-room Resort, spread over 7.5 acres, surrounded by gorgeous waterfalls and picturesque views of the Western Ghats. A dominant player in the business hospitality space, CHL has an earned repute of creating asset value through curations of high-end hospitality assets in key metro cities and offering exceptional guest experiences.
The company has completed the acquisition for an enterprise value of Rs 133.00 crore. With this acquisition, CHL will extend its expertise towards expansion and up-gradation of the property to reposition it as an upper-upscale, green, lifestyle resort. The Dukes Retreat is strategically located at a comfortable drivable distance from both Mumbai and Pune. The Resort includes 18 Deluxe Rooms, 54 Executive Rooms and 8 Cottages, and offers a gourmet experience at the in-house restaurant with panoramic views of cliffs and valleys. Other facilities at the Resort include an outdoor pool, play area for kids, spa, and a fitness center. The property has been a preferred destination for leisure travelers, wedding celebrations, and corporate events.
Chalet Hotels (CHL), is an owner, developer and asset manager of high-end hotels in key metro cities in India.
Chalet Hotels informs about update on acquisition
Publish Date: 24/03/2023
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) and further to letter dated March 22, 2023, and pursuant to the respective Share Purchase Agreements, Chalet Hotels has informed that on March 23, 2023: (a) the existing shareholders of Sonmil Industries (‘Sonmil’) have transferred 100% of the Equity Shares to the Company and the Company has paid the complete cash consideration of Rs 746.45 Million (including cash and cash equivalents), for the said acquisition. (b) the existing shareholders of The Dukes Retreat (‘Dukes’) have transferred 82.28% of the Equity Shares to the Company and the Company has paid the complete cash consideration of Rs 817.56 Million (including cash and cash equivalents), for the said acquisition. Consequent to above, Sonmil has become a wholly owned subsidiary of the Company and Dukes has become a subsidiary of the Company. The details as required under Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 with respect to the said acquisitions have already been submitted vide its above referred letter. Further, the Press Release being issued in respect of the said acquisition is attached.
The above information is a part of company’s filings submitted to BSE.
Board Meeting
Publish Date: 24/01/2023
Quarterly Results
Board Meeting
Publish Date: 21/10/2022
Quarterly Results
Board Meeting
Publish Date: 10/05/2022
Audited Results
Board Meeting
Publish Date: 27/01/2022
Quarterly Results
Board Meeting
Publish Date: 28/10/2021
Quarterly Results
Board Meeting
Publish Date: 10/08/2021
Quarterly Results
Board Meeting
Publish Date: 18/05/2021
Audited Results & Inter alia, to consider appropriate fund raising options, subject to the receipt of applicable regulatory/statutory approvals and as may be permitted under applicable laws.
Board Meeting
Publish Date: 12/04/2021
Pursuant to the provisions of Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations, this is to inform that pursuant to the Order dated February 05, 2021 passed by the Hon'ble NCLT, a meeting of the Equity Shareholders of the Company is being convened on April 12, 2021 at 11 a.m.(IST) by Video Teleconferencing facility, to seek approval in respect of the Scheme of Arrangement and Amalgamation amongst Belaire Hotels Private Limited, Seapearl Hotels Private Limited and the Company viz. Chalet Hotels Limited and their respective Shareholders and Creditors ('Scheme'). Belaire Hotels Private Limited and Seapearl Hotels Private Limited are Wholly Owned Subsidiaries of the Company. Further, please find attached herewith: - copy of the Notice of the Meeting (including e-voting instructions) issued to the Equity Shareholders of the Company - copy of the Notice of the Meeting issued to the Preference Shareholders of the Company
Board Meeting
Publish Date: 09/02/2021
Quarterly Results
Board Meeting
Publish Date: 10/11/2020
Quarterly Results
Board Meeting
Publish Date: 11/08/2020
Quarterly Results
Chalet Hotels incorporates wholly-owned subsidiary
Publish Date: 19/08/2022
Subscription to 1,00,000 Equity Shares of the said wholly-owned subsidiary of Rs 10 each amounting to Rs 10 lakh
Chalet Hotels has incorporated a wholly-owned subsidiary by the name ‘Chalet Airport Hotel’. This company has been incorporated as an SPV primarily for the purpose of implementation of the terminal hotel project at a site opposite to Terminal 3 at the IGI Airport, New Delhi. Subscription to 1,00,000 Equity Shares of the said wholly-owned subsidiary of Rs 10 each amounting to Rs 10 lakh.
Chalet Hotels (CHL), is an owner, developer and asset manager of high-end hotels in key metro cities in India.
Chalet Hotels gets nod to raise upto Rs 100 crore through NCDs
Publish Date: 06/03/2023
The Finance Committee of the Board of Directors of the Company at its meeting held on March 06, 2023 has considered and approved the same
Chalet Hotels (CHL) has received an approval for the offer of Secured, Unlisted, Non-Cumulative, Redeemable and Non-Convertible Debentures (NCDs) upto an amount of Rs 100 crore to ‘International Finance Corporation’ on a Private Placement basis. The Finance Committee of the Board of Directors of the Company at its meeting held on March 06, 2023 has considered and approved the same.
Chalet Hotels (CHL), is an owner, developer and asset manager of high-end hotels in key metro cities in India.
Chalet Hotels to acquire 100% stake in Sonmil Industries, 82.28% stake in The Dukes Retreat
Publish Date: 23/03/2023
The Board of Directors of the Company has at its meeting held on March 22, 2023, approved the same
Chalet Hotels has received approval to execute Share Purchase agreements for acquisition 100% of the Equity Shares in Sonmil Industries and 82.28% of the equity shares in The Dukes Retreat (17.72% of the Equity Shares of The Dukes Retreat will continue to be held by Sonmil Industries which is also being acquired). The said acquisition will be completed by March 31, 2023. Cost of acquisition is Rs 81.76 crore (including cash and cash equivalents). The Board of Directors of the Company has at its meeting held on March 22, 2023, approved the same.
Chalet Hotels (CHL), is an owner, developer and asset manager of high-end hotels in key metro cities in India.
Chalet Hotels completes acquisition of ‘The Dukes Retreat’ at Khandala
Publish Date: 24/03/2023
The company has completed the acquisition for an enterprise value of Rs 133.00 crore
Chalet Hotels (CHL) has completed acquisition of ‘The Dukes Retreat’ at Khandala, an 80-room Resort, spread over 7.5 acres, surrounded by gorgeous waterfalls and picturesque views of the Western Ghats. A dominant player in the business hospitality space, CHL has an earned repute of creating asset value through curations of high-end hospitality assets in key metro cities and offering exceptional guest experiences.
The company has completed the acquisition for an enterprise value of Rs 133.00 crore. With this acquisition, CHL will extend its expertise towards expansion and up-gradation of the property to reposition it as an upper-upscale, green, lifestyle resort. The Dukes Retreat is strategically located at a comfortable drivable distance from both Mumbai and Pune. The Resort includes 18 Deluxe Rooms, 54 Executive Rooms and 8 Cottages, and offers a gourmet experience at the in-house restaurant with panoramic views of cliffs and valleys. Other facilities at the Resort include an outdoor pool, play area for kids, spa, and a fitness center. The property has been a preferred destination for leisure travelers, wedding celebrations, and corporate events.
Chalet Hotels (CHL), is an owner, developer and asset manager of high-end hotels in key metro cities in India.
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