| <P>Chalet Hotels (CHL) marks its foray into Udaipur, Rajasthan with the acquisition of ‘Seasons Hotels', the owning entity of the property - “Inder Residency Resort & Spa Udaipur”, for a total consideration of Rs 171 crore. </P> <P>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.</P> <P>Speaking on the acquisition, Shwetank Singh, Managing Director & CEO, Chalet Hotels, 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.”</P> |