Chalet Hotels (CHL) has received approval for acquisition of partners’ share in Ayushi and Poonam Estates LLP, owning entity of Courtyard by Marriott, Aravalli Resort, in the National Capital Region (NCR). The acquisition is in line with the company’s expansion strategy to diversify the portfolio to include leisure properties. The Board of Directors of the Company at its meeting held on February 29, 2024 considered and approved the same. The cost of acquisition is Rs 315.00 crore (Enterprise Value).
Chalet Hotels (CHL), is an owner, developer and asset manager of high-end hotels in key metro cities in India.
