Corporate News     18-Jan-20
Chalet Hotels to acquire Novotel Pune Nagar Road Hotel
Chalet Hotels signed a Share Purchase Agreement (SPA) for the purchase of Belaire Hotels, owner of Novotel Pune Nagar Road Hotel and its affiliate entity Seapearl Hotels based on an aggregate enterprise value of Rs.290 crore. The completion of the transaction is subject to fulfillment of certain conditions precedent as agreed in the SPA.

With this new relationship, Chalet marks the beginning of its tie-up with Accor, one of the largest global hospitality players with significant presence in India with key brands such as 'Fairmont', 'Sofitel' 'Novotel' and 'ibis' amongst others.

Chalet enjoys a successful and long-standing relationship with the Marriott group, who is the operator/brand partner across six brands within the operating portfolio with an offering of 2,331 rooms.

Previous News
  Chalet Hotels reports consolidated net loss of Rs 13.66 crore in the September 2021 quarter
 ( Results - Announcements 28-Oct-21   18:22 )
  Chalet Hotels to hold board meeting
 ( Corporate News - 04-May-24   10:24 )
  Chalet Hotels consolidated net profit declines 30.99% in the December 2023 quarter
 ( Results - Announcements 25-Jan-24   07:45 )
  Chalet Hotels reports standalone net loss of Rs 10.93 crore in the September 2021 quarter
 ( Results - Announcements 28-Oct-21   18:03 )
  Chalet Hotels to discuss results
 ( Corporate News - 02-May-23   15:33 )
  Chalet Hotels grants 3.03 lakh options under ESOP
 ( Corporate News - 04-Sep-23   15:19 )
  Chalet Hotels to hold board meeting
 ( Corporate News - 21-Jul-23   11:03 )
  Chalet Hotels Ltd leads losers in 'A' group
 ( Hot Pursuit - 26-Nov-21   15:00 )
  Chalet Hotels gets ratings upgrade from India Ratings and ICRA
 ( Corporate News - 17-Jul-19   17:54 )
  Chalet Hotel gains on joining Climate initiatives
 ( Hot Pursuit - 21-Sep-21   14:33 )
  Chalet Hotels to announce Quarterly Result
 ( Corporate News - 24-Jun-23   10:02 )
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