Key Points of Chalet Hotels Acquisition of The Dukes Retreat:
- Chalet Hotels Limited has acquired The Dukes Retreat, Khandala, an 80-room resort, for an enterprise value of Rs 133 crore.
- The resort’s land is owned by Sonmil Industries Pvt. Ltd, while the hotel structure and its business are owned by The Dukes Retreat Pvt. Ltd.
- Chalet Hotels plans to expand and upgrade The Dukes Retreat to reposition it as an upper-upscale green, lifestyle resort.
- The resort is spread over 7.5 acres and includes 18 deluxe rooms, 54 executive rooms, and 8 cottages, as well as an outdoor pool, play area for kids, spa, and fitness centre.
- The resort is located at a drivable distance from both Mumbai and Pune, making it an ideal getaway for city dwellers.
- The acquisition of The Dukes Retreat is part of Chalet Hotels’ plan to diversify its portfolio by expanding its owned asset portfolio in the leisure segment.
- Sanjay Sethi, MD & CEO at Chalet Hotels Limited, expressed excitement about the company’s upcoming capex projects and welcomed the guests and associates of The Dukes Retreat to the Chalet family.
Details of Chalet Hotels Acquisition of The Dukes Retreat:
Chalet Hotels, a company that owns and operates high-end hotels in India and works with popular chains such as Marriott International and Accor, has announced the acquisition of The Dukes Retreat, Khandala.
The resort, which has 80 rooms and is spread over 7.5 acres, was purchased for an enterprise value of Rs 133 crore. The hotel structure and its business are owned by The Dukes Retreat Pvt. Ltd, while the land is owned by Sonmil Industries Pvt. Ltd.
Chalet Hotels plans to expand and upgrade the property to reposition it as an upper-upscale green, lifestyle resort. The Dukes Retreat is located at a drivable distance from both Mumbai and Pune, making it an ideal getaway for city dwellers.
The resort includes 18 deluxe rooms, 54 executive rooms, and 8 cottages, as well as an outdoor pool, play area for kids, spa, and fitness centre. Guests can also enjoy a gourmet experience at the in-house restaurant.
The acquisition of The Dukes Retreat is part of Chalet Hotels’ plan to diversify its portfolio by expanding its owned asset portfolio in the leisure segment. Sanjay Sethi, MD & CEO at Chalet Hotels Limited, said that the resort has stunning views and a strong emotional connect with many families from Mumbai and Pune.
He also welcomed the guests and associates of the resort to the Chalet family and expressed excitement about the company’s upcoming capex projects.
About Chalet Hotels:
Chalet Hotels, a member of the K Raheja Corp group, is a prominent hotel developer, asset manager, and operator of high-end hotels and mixed-use properties in India’s key metro cities, including Mumbai Metropolitan Region, Hyderabad, Bengaluru, and Pune. The company aims to achieve sustainable growth and improve business efficiency throughout the asset lifecycle while maximizing returns on each square foot it owns and operates, starting from the pre-development stage.
For More Latest News Click Here
