Chalet Hotels gains on completing acquisition of ‘The Dukes Retreat’ at Khandala

Chalet Hotels Ltd. | Hotel, Resort & Restaurants | Travel & Hospitality | BSE: 542399 | NSE: CHALET

24 Mar 2023 Evaluate

Chalet Hotels is currently trading at Rs. 362.80, up by 2.30 points or 0.64% from its previous closing of Rs. 360.50 on the BSE.

The scrip opened at Rs. 362.20 and has touched a high and low of Rs. 363.95 and Rs. 360.70 respectively. So far 447 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 409.85 on 19-Oct-2022 and a 52 week low of Rs. 275.35 on 25-Apr-2022.

Last one week high and low of the scrip stood at Rs. 375.00 and Rs. 358.40 respectively. The current market cap of the company is Rs. 7391.15 crore.

The promoters holding in the company stood at 71.65%, while Institutions and Non-Institutions held 24.23% and 4.12% respectively.

Chalet Hotels (CHL) has completed acquisition of ‘The Dukes Retreat’ at Khandala, an 80-room Resort, spread over 7.5 acres, surrounded by gorgeous waterfalls and picturesque views of the Western Ghats. A dominant player in the business hospitality space, CHL has an earned repute of creating asset value through curations of high-end hospitality assets in key metro cities and offering exceptional guest experiences.

The company has completed the acquisition for an enterprise value of Rs 133.00 crore. With this acquisition, CHL will extend its expertise towards expansion and up-gradation of the property to reposition it as an upper-upscale, green, lifestyle resort. The Dukes Retreat is strategically located at a comfortable drivable distance from both Mumbai and Pune. The Resort includes 18 Deluxe Rooms, 54 Executive Rooms and 8 Cottages, and offers a gourmet experience at the in-house restaurant with panoramic views of cliffs and valleys. Other facilities at the Resort include an outdoor pool, play area for kids, spa, and a fitness center. The property has been a preferred destination for leisure travelers, wedding celebrations, and corporate events.

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

Chalet Hotels Share Price

788.70 -2.65 (-0.33%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Indian Hotel	673.30
ITC Hotels	164.65
EIH	335.65
Chalet Hotels	788.70
Mahindra Holi.&Resor	239.45
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