Chalet Hotels Limited has announced its entry into the Rajasthan market with the acquisition of Seasons Hotels Private Limited for ₹1,710 million (₹171 crore). The deal includes the 144-room Inder Residency Resort & Spa in Udaipur. This acquisition aligns with the company’s strategy to expand its footprint in high-growth leisure destinations and diversify its hospitality portfolio through asset enhancement and premium positioning.
Acquisition Details and Strategic Rationale
Chalet Hotels Limited (CHL) has reached a definitive agreement to acquire Seasons Hotels Private Limited, the owning entity of the Inder Residency Resort & Spa in Udaipur. The acquisition, valued at ₹1,710 million, is expected to be completed by May 15, 2026. This move is part of the company’s broader growth strategy to capitalize on the increasing demand for leisure travel in India’s high-growth markets.
Future Development Plans
The resort, which spans approximately 8.2 acres, currently features 144 rooms, expansive lawn areas, and extensive banqueting facilities suitable for weddings and MICE events. CHL plans to undertake a significant refurbishment of the property to upgrade it into an upper upscale/premium lifestyle destination. During this phase, the property will remain non-operative as the company evaluates potential expansion and the addition of further room inventory.
Company Growth and Sustainability
This expansion follows Chalet Hotels’ established track record as an owner and operator of premium hospitality assets. With 11 operating hotels and 3,389 keys globally, the company continues to bolster its presence. Beyond its expansion efforts, Chalet Hotels remains committed to its sustainability goals, having achieved an overall ESG score of 82 in the latest S&P Global Corporate Sustainability Assessment, ranking 2nd globally in its category.
Source: BSE
