Chalet Hotels Expands Horizons with Udaipur Resort Acquisition

Chalet Hotels Limited is making a significant stride into the Udaipur market with its acquisition of Seasons Hotels Private Limited, the owning company of the Inder Residency Resort & Spa. The deal, finalized for Rs 171 crore, underscores Chalet's strategic expansion into leisure properties across diverse geographies.

The acquisition, approved by Chalet's Board of Directors, involves purchasing all equity shares in tranches, with completion targeted by May 2026. It is aligned with the company's broader strategy to diversify its portfolio, focusing on high-growth leisure destinations with promising potential.

Shwetank Singh, Managing Director & CEO of Chalet Hotels Limited, expressed excitement about entering Rajasthan with this acquisition. The company plans to refurbish and expand the resort, aiming to create a top-tier experience-led destination that offers significant guest appeal and long-term value creation.