Chalet Hotels to acquire resort for Rs 133 crore
K Raheja Corp group firm Chalet Hotels has acquired the 80-room resort The Dukes Retreat for an enterprise value of INR133 crore. Dukes Retreat is spread over 7.5 acres, the resort's land is owned by Sonmil Industries, while the business and hotel structure is owned by The Dukes Retreat.
With this acquisition, Chalet Hotels looks to enhance diversification in its portfolio by expanding its owned asset portfolio in the leisure segment. Chalet Hotels is the owner, developer, asset manager, and operator of high-end hotels in India and also works with chains such as Marriott International.
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