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Chalet Hotels surges on signing agreement to acquire Belaire Hotels

20 Jan 2020 Evaluate

Chalet Hotels is currently trading at Rs. 350.00, up by 5.65 points or 1.64% from its previous closing of Rs. 344.35 on the BSE.

The scrip opened at Rs. 350.00 and has touched a high and low of Rs. 350.00 and Rs. 350.00 respectively. So far 100 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 395.00 on 31-Dec-2019 and a 52 week low of Rs. 250.15 on 07-Feb-2019.

Last one week high and low of the scrip stood at Rs. 350.00 and Rs. 332.05 respectively. The current market cap of the company is Rs. 7060.00 crore.

The promoters holding in the company stood at 71.41%, while Institutions and Non-Institutions held 27.11% and 1.48% respectively.

Chalet Hotels has signed a Share Purchase Agreement (SPA) for the purchase of Belaire Hotels (BHPL), owner of Novotel Pune Nagar Road Hotel and its affiliate entity Seapearl Hotels (SHPL) based on an aggregate enterprise value of around Rs 290 crore.

The Hotel currently caters to the business traveller demand and has the capacity to add another 84 to 88 rooms which are currently in bare-shell condition. The Hotel houses two restaurants, a bar and banqueting space and is operated by AAPC India Hotel Management (part of Accor Group) under a management agreement.

Chalet Hotels is a luxury serviced apartments and hotels provider in India offers serviced apartments, Bangalore, India.

Chalet Hotels Share Price

786.60 36.85 (4.91%)
06-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Indian Hotel 666.05
ITC Hotels 169.10
EIH 332.90
Chalet Hotels 786.60
Mahindra Holi.&Resor 242.15
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