Chalet Hotels Acquires Seasons Hotels Udaipur for ₹171 Crore
Chalet Hotels Limited will acquire Seasons Hotels Private Limited, owner of Inder Residency Resort & Spa in Udaipur, for ₹171 crore. The deal is expected to close by May 15, 2026. This acquisition is part of Chalet's strategy to expand its leisure property portfolio.
The acquisition is of a significant value and adds a new property in a key tourist location, which is expected to contribute to the company's growth and market presence.
The acquisition of a new property in a leisure destination like Udaipur is a positive development for the company's expansion strategy and portfolio diversification.
Chalet Hotels Limited has announced the approval of the acquisition of Seasons Hotels Private Limited, the owning entity of Inder Residency Resort & Spa in Udaipur, Rajasthan. The acquisition was approved by the Board of Directors on April 24, 2026, for a consideration of ₹171 crore (approx. $20.5 million USD).
This strategic move aligns with Chalet Hotels' expansion strategy to diversify its portfolio into leisure properties and enhance its presence in high-growth markets. The acquired property spans approximately 8.2 acres and features 144 rooms, extensive lawns, and banqueting facilities. Chalet Hotels plans to upgrade the resort into an upper upscale/premium lifestyle destination and may evaluate opportunities for expansion.
The definitive agreements for the acquisition are expected to be finalized by May 15, 2026, or a mutually agreed-upon date. The company views this acquisition as a significant opportunity for value creation through refurbishment, repositioning, and potential expansion, aiming to deliver a high-quality, experience-led destination.
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Chalet Hotels Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Chalet Hotels Limited. Read the original for the full detail.