Chalet Hotels has secured approval for the acquisition of Seasons Hotels for a consideration of Rs 171 crore. Seasons Hotels owns a 144-room hotel - Inder Residency Resort & Spa, Udaipur in the state of Rajasthan. The hotel also has around 3 acres of lawn area, a large banqueting space, 2 restaurants, and a bar. The Board of Directors of the company in its meeting held on April 24, 2026 has approved the same.
The acquisition is in line with the company’s expansion strategy to diversify the portfolio to include leisure properties spanning different geographies. The acquisition is expected to be completed by May 15, 2026 or such date as may be mutually agreed upon.
Chalet Hotels (CHL), is an owner, developer and asset manager of high-end hotels in key metro cities in India.
