New Delhi, Sept. 23 -- Shares of Chalet Hotels Limited ended higher on Wednesday, September 23, as the stock built on to its gains made over the past five trading sessions. The hotel stock has delivered 4.7% return in one week and around 2.5% return in one month.

The Mumbai-headquartered hotel chain has evolved from a pure-play asset owner into a hybrid model with the launch of Athiva premium lifestyle brand in FY26. The company's expansion plans are on track and operational hotels' portfolio is poised to increase by 1,655 keys to over 5,000 keys by March 2030, noted ICICI Securities in its report, which sees nearly 27% upside in the hotel stock.

The company began its journey as a pure-play asset owner with premium/luxury hotels managed...