About Chalet Hotels Ltd.
Part of the K Raheja Corp group, Chalet Hotels Limited is an owner, developer, asset manager and operator of high-end hotels and hotel led mixed-use developer in key metro cities in India, Mumbai Metropolitan Region, Hyderabad, Bengaluru and Pune. Chalet 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.
The portfolio comprises seven fully operational hotels representing 2,554 keys, across mainstream and luxury segments, and four commercial and retail spaces, representing 0.9 mm sq.ft. in close proximity to the hospitality assets. Contemporary and well planned designs, strategic locations, long-standing experience in asset management, make the business proposition an unmistakable choice among stakeholders and customers alike.
The portfolio includes JW Marriott Mumbai Sahar | Renaissance Mumbai Convention Centre Hotel | Lakeside Chalet Marriott Executive Apartments | Four Points by Sheraton Navi Mumbai | The Westin Hyderabad Mindspace | Bengaluru Marriott Hotel Whitefield and Novotel Pune Nagar Road. Each of these Hotels are operated by either Marriott International or The Accor.
Chalet’s strength lies in identifying strategic locations, efficient design & development of properties, appropriately positioned in hotel segments, along with branding and operational tie-ups with leading hospitality companies. All the hotel assets are located in high-density business districts of metro cities with high barriers to entry.
Chalet endeavors to build assets that adhere to superior standards, targeting the luxury-upper upscale and upscale hotel segments at an efficient gross built-up area and development cost per key. The Company follows an active asset management model for the hotels operated by third parties, closely monitoring, and exercising regular supervision. Chalet has also developed commercial spaces in proximity to the hotels, giving it a competitive lead in key metro cities, due to its first-mover advantage in large, mixed-use developments in specific micro-markets.
Part of the people intensive hospitality industry, Chalet values and believes that its people are its greatest asset and have in place policies that are progressive and benchmarked to global standards. Its Corporate ethos have earned the Company several awards and accreditations which includes Great Place to Work in the Small and Mid-Sized Organizations by the Great Place to Work ® Institute India.
K Raheja Corp group (of which Chalet Hotels Limited is a part) is one of India’s leading real estate developers and Chalet, derives significant benefit from the confidence that customers, lenders, hospitality partners, vendors, and other stakeholders place in the group. Chalet’s promoters include Mr. Ravi C. Raheja and Mr. Neel C. Raheja, who have been instrumental in the growth of business and actively advise on finance, corporate strategy and planning for the hotel and commercial businesses. It is ably led by Managing Director & CEO, Mr. Sanjay Sethi who has over three decades of expertise in the hospitality industry.
With a meticulously curated portfolio, top global partners, best in class asset management capability and exceptional synergies within the group, Chalet is poised for exponential growth in the times to come.