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Stock Report
Chalet Hotels Ltd forays into Udaipur, Rajasthan with ₹171 Crore 'Seasons Hotels Private Limited' acquisition
Posted On : 2026-04-25 10:00:46( TIMEZONE : IST )
Chalet Hotels Limited (CHL), owner, developer, asset manager and operator of high-end hotels and resorts in India, marks its foray into Udaipur, Rajasthan with the acquisition of 'Seasons Hotels Private Limited', the owning entity of the property - "Inder Residency Resort & Spa Udaipur", for a total consideration of ₹171 crores.
This acquisition reinforces CHL's strategy of disciplined expansion in high-growth leisure markets, with a focus on asset enhancement, premium positioning, and long-term value creation. The property spread across ~8.2 Acres features 144 rooms, expansive lawns, and banqueting facilities, making it well-suited for weddings, MICE, and leisure travel. The property will be upgraded to upper upscale / premium lifestyle destination and remain non operative during this period. CHL will evaluate the possibility of expanding the property and adding additional rooms.
Speaking on the acquisition, Mr. Shwetank Singh, Managing Director & CEO, Chalet Hotels Limited, said: "We are delighted to announce our entry into Rajasthan with the acquisition of this resort in Udaipur, a market we have been keen to enter. This investment reflects our continued focus on expanding in high-growth leisure destinations with strong long-term potential. The property is well-located and offers significant headroom for value creation through refurbishment, repositioning, and expansion. As we enhance and reposition the resort, our focus will be on creating a high-quality, experience-led destination that delivers both strong guest appeal and long-term value."
Shares of Chalet Hotels Limited was last trading in BSE at Rs. 799.95 as compared to the previous close of Rs. 788.65. The total number of shares traded during the day was 4730 in over 677 trades.
The stock hit an intraday high of Rs. 803.10 and intraday low of 772.55. The net turnover during the day was Rs. 3739928.00.
