Mumbai, April 24 -- The company is in the process of entering into definitive agreements with the concerned parties.

Seasons Hotels owns the Inder Residency Resort & Spa, a 144-room property spread across 8.2 acres, including around 3 acres of lawn area. The resort features extensive banqueting facilities, two restaurants, and a bar. The company was incorporated on 27 December 2001, and the hotel commenced commercial operations in October 2008. Financially, Seasons Hotels reported a turnover of Rs 7.43 crore in FY25, Rs 10.35 crore in FY24, and Rs 9.72 crore in FY23.

Chalet Hotels stated that the acquisition aligns with its expansion strategy to diversify its portfolio by adding leisure properties across different geographies. The trans...