Chalet Hotels marks its foray into Udaipur with acquisition of Inder Residency Resort & Spa
India, April 24 -- Chalet Hotels (CHL) marks its foray into Udaipur, Rajasthan with the acquisition of 'Seasons Hotels', the owning entity of the property - 'Inder Residency Resort & Spa Udaipur', for a total consideration of Rs 171 crore.This acquisition reinforces CHL's strategy of disciplined expansion in high-growth leisure markets, with a focus on asset enhancement, premium positioning, and long-term value creation. The property spread across ~8.2 Acres features 144 rooms, expansive lawns, and banqueting facilities, making it well-suited for weddings, MICE, and leisure travel. The property will be upgraded to upper upscale / premium lifestyle destination and remain non operative during this period. CHL will evaluate the possibility of ...
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