Chalet Hotels is eyeing to increase its margin by around 45 percent on the back of expansion and rising room prices. The company currently has margins of about 41 percent.
The company operates close to 2,780 keys spanning six properties in Mumbai/Navi Mumbai, Bengaluru, Hyderabad and Pune, and is adding around 600 more rooms in three greenfield properties by 2022 at an investment of Rs 1,300 crore. Chalet will be opening the city's first super-luxury brand 'W' from the Marriot stable with 150 keys in Powai by 2022.
Chalet Hotels is a luxury serviced apartments and hotels provider in India offers serviced apartments, Bangalore, India.
