Hotline: 1800 102 2007
Hotline: 1800 102 2007
Dec, 26 2019

Chalet Hotels strengthens portfolio by signing franchise agreement with Hyatt Hotels

Chalet Hotels, part of the K Raheja Corp, is an owner, developer and asset manager of high-end hotels in key metro cities.

By News Editor
Chalet Hotels strengthens portfolio by signing franchise agreement with Hyatt Hotels

Chalet Hotels Ltd has inked a franchise deal with Hyatt India Consultancy Pvt Ltd and its affiliates for Hyatt Regency Navi Mumbai Airoli. The upcoming 260-key hotel will be the first Hyatt Regency branded hotel for Chalet.

The new hotel will enable business travellers a convenient accommodation as well as an easy commute between Navi Mumbai and Thane. The project will likely be completed in 2022.

Sanjay Sethi, Managing Director and CEO, Chalet Hotels Ltd, said, “We are pleased to announce this new collaboration with the Hyatt Group, one of the leading global hospitality brands. As part of our growth strategy of strengthening and expanding our portfolio, the selection of the right brands continues to be a key focus for our company.”

Dhruva Rathore, Vice President for Development in India at Hyatt, stated, “The hotel represents an excellent opportunity to establish the Hyatt Regency brand in the high growth market of Navi Mumbai with an established and reputable owner. It enjoys an important location amid corporate businesses and will also cater to multiple hospitality demand segments.”

Chalet Hotels Portfolio

Chalet Hotels, part of the K Raheja Corp, is an owner, developer and asset manager of high-end hotels in key metro cities. The hotel platform of the company comprises five operating hotels, including a hotel with a co-located service residence situated in the Mumbai Metropolitan Region, Hyderabad and Bengaluru.

Currently, Chalet Hotels’ assets are branded with several global partners like JW Marriott, Westin, Marriott, Marriott Executive Apartments, Renaissance, and Four Points by Sheraton, which are part of the Marriott Group. Until H1FY20, the company’s geographical revenue mix consists of Mumbai Metropolitan Region- 62%, Bengaluru- 19%, and Hyderabad- 19%.

Indian Hotel Industry

The Indian hotel industry is estimated to grow at a Compounded Annual Growth Rate (CAGR) of 15% over the next five years.

India ranks 18th in business travel, as per the World Travel and Tourism Council. In India, the success rate of the hotel industry is the second-highest in the world after China.

The hotel industry is set to grow by 15% every year. The demand for hotel rooms has been increased due to the boom of information technology, telecom, retail, and real estate. The country’s increasing stock market and new business opportunities are attracting foreign investors. Hence, there is a tremendous scope of growth for hotel brands in the country.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • About Us: Podar Jumbo Kids is the top-most Early Childhood Center..
    Locations looking for expansion Maharastra
    Establishment year 2004
    Franchising Launch Date 2004
    Investment size Rs. 5lac - 10lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater MUMBAI Maharastra
  • Others Food Service
    About Us: Original Biryani Expereince Since 2010.   Known for its delicious and..
    Locations looking for expansion Karnataka
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • About Us: Established in 2002, Simply Health Plus is a certified..
    Locations looking for expansion Delhi
    Establishment year 2002
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Tea And Coffee Chain
    Chai N More is a freshly brewed handmade tea cafe..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities