Part of the K Raheja Corp group, Chalet Hotels Ltd is an owner, developer and asset manager of high-end hotels in key metro cities in India. The company focusses on driving business efficiencies right from the pre-development stage, and through the lifecycle of the asset, while and, maximising returns on every square foot owned and operated.

Business area of the company

The Company’s hotel platform comprises five operating hotels including a hotel with a co-located serviced residence, located in the key Indian cities of Mumbai, Hyderabad and Bengaluru. All the hotels are branded with globally recognized brands, such as, JW Marriott, Westin, Marriott, Marriott Executive Apartments, Renaissance and Four Points by Sheraton, which are held by Marriott Hotels India Private Limited and its affiliates. All the hotel assets are located in high density business districts of their respective metro cities with high barriers-to-entry close to airports, major business centers or commercial districts and other convenient locations. The Company has also developed commercial and retail spaces at close proximity to its hotels.

Awards and recognitions

FY2021: Marriott Bengaluru, Whitefield recognised as the ‘Best of the Best’ at the Travellers’ Choice Awards
FY2021: Lake View Cafe recognised for the Best Buffet by Times Food Nightlife Awards
FY2021: Four Points by Sheraton Navi Mumbai, recognised in ‘Swachh Bharat Mission - Navi Mumbai’ by Navi Mumbai Municipal Corporation
FY2021: Renaissance Mumbai Convention Centre Hotel, Mumbai awarded in Star Mice Hotel category at EEA
FY2021: Four Points by Sheraton received award for Excellence in Hospitality by Awaaz Today
FY2021: Lakeside Chalet - Marriott Executive Apartments awarded the Leading Serviced Apartments/Hotel/Resort by South Asian Travel Awards
FY2021: JW Marriott, Sahar recognised among the Top 10 - Innovations adopted by Hotels list
FY2021: JW Marriott, Sahar awarded the Best Luxury Brunch in the City at WHO Awards

Milestones

2000: Lakeside Chalet, Marriott Executive Apartments, Mumbai
2001: Renaissance Mumbai Convention Centre Hotel
2009: Four Points by Sheraton Navi Mumbai, Vashi
2009: The Westin Hyderabad Mindspace
2012: Inorbit Mall, Whitefield Bengaluru
2013: Marriott Hotel Whitefield Bengaluru
2014: Commercial Tower Whitefield Bengaluru
2015: JW Marriott Mumbai Sahar
2018: The Orb Retail and Commercial Tower, Sahar Mumbai
2019: Listing on National Stock Exchange and Bombay Stock Exchange
2020: Acquisition of Novotel Pune Nagar Road

Open Price	588.1	Volume	599
Prev. Close	584.6

Performance