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Chalet Hotels to develop terminal hotel at IGI Airport in New Delhi

29 Jul 2022 Evaluate

Chalet Hotels has executed acceptance of the Letter of Intent to Award by the Delhi International Airport Limited (DIAL) with regard to designing, developing, financing, operating, managing and maintaining of a terminal hotel at a site opposite to Terminal 3, at the IGI Airport, New Delhi (Project). The Project shall be developed on a land parcel spread over 2.65 acres.

DIAL will construct cold shell & facade and the Developer will undertake MEP and interior fit-outs for a proposed minimum world class 4-star (or equivalent such as an upper mid-scale/upper up-scale) category hotel with at least 300 guest rooms/keys.

Chalet Hotels (CHL), is an owner, developer and asset manager of high-end hotels in key metro cities in India.

Peers
Company Name CMP
The Indian Hotels Co 726.00
ITC Hotels 162.05
Mahindra Holi.&Resor 200.20
EIH 294.90
Chalet Hotels 880.80
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