Chalet Hotels Limited board approved acquisition of Seasons Hotels Private Limited, owner of Inder Residency Resort & Spa Udaipur, for ₹1,710 million.
The 144-room hotel spans 8.2 acres and will be upgraded to an upper upscale/lifestyle destination, aligning with CHL's leisure market expansion strategy.
Acquisition involves 100% equity purchase in tranches via cash consideration, with completion targeted by May 15, 2026, and is not a related party transaction.