Chalet Hotels finalises $18m Seasons Hotels acquisition in Udaipur

Indian edifice developer and relation Chalet Hotels has entered the Udaipur marketplace with the acquisition of Seasons Hotels, the owning entity of Inder Residency Resort & Spa Udaipur, for Rs1.71bn ($18.1m).

The determination aligns with Chalet Hotels’ program to grow wrong leisure destinations crossed India, with peculiar accent connected premium positioning, plus enhancement, and semipermanent worth generation.

The Inder Residency Resort & Spa Udaipur spans astir 8.2 acres and features 144 rooms, extended lawns, and banqueting facilities, rendering it suitable for weddings, meetings, incentives, conferences, exhibitions (MICE), and leisure stays.

Chalet Hotels plans to upgrade the non-operational spot to an precocious upscale oregon premium manner destination.

The institution volition besides research expanding the edifice and expanding the country inventory arsenic portion of the plus enhancement.

Chalet Hotels managing manager and CEO Shwetank Singh said: “We are delighted to denote our introduction into Rajasthan with the acquisition of this edifice successful Udaipur, a marketplace we person been keen to enter.

“This concern reflects our continued absorption connected expanding successful high-growth leisure destinations with beardown semipermanent potential.

“The spot is well-located and offers important headroom for worth instauration done refurbishment, repositioning, and expansion.

“As we heighten and reposition the resort, our absorption volition beryllium connected creating a high-quality, experience-led destination that delivers some beardown impermanent entreaty and semipermanent value.”

Chalet Hotels presently owns, develops and manages 11 hotels and resorts with 3,389 keys, collaborating with brands specified arsenic JW Marriott, The Westin, and Novotel.

The institution has astir 1,510 rooms successful its pipeline and precocious launched the ATHIVA premium manner brand.

Chalet Hotels is besides expanding its commercialized existent property portfolio, targeting an summation from 2.4 cardinal quadrate feet to 3.3 cardinal quadrate feet.

In June 2024, the relation announced plans to renovate a clump of 3 properties crossed India.

The properties undergoing renovation included the planetary marque Four Points by Sheraton Navi Mumbai, and 2 autarkic hotels, namely The Resort astatine Madh Island Mumbai and The Dukes Retreat astatine Lonavala.

"Chalet Hotels finalises $18m Seasons Hotels acquisition successful Udaipur" was primitively created and published by Hotel Management Network, a GlobalData owned brand.

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