Chalet Hotels acquires 100% stake in Seasons Hotels for ₹171 crore
pre-market1 source ↓written by the desknot a recommendation
- in Seasons Hotels
- 100% stake
- Limited for approximately
- ₹171 crore
Chalet Hotels Limited has successfully acquired a 100% stake in Seasons Hotels Private Limited for approximately ₹171 crore. This acquisition includes the Inder Residency Resort & Spa in Udaipur, Rajasthan, enhancing Chalet's portfolio in the hospitality sector. The deal was advised by Khaitan & Co, covering due diligence and risk assessment.
This acquisition may strengthen Chalet Hotels' market position and expand its operational footprint, potentially influencing investor sentiment in the hospitality sector.
Not investment advice. For informational purposes only.