Chalet Hotels acquires resort property in Udaipur for ₹171 crore

Chalet Hotels announced the proposed acquisition of a company owning a resort property in Udaipur, Rajasthan, with around 150 rooms, on Thursday. The company said the acquisition is at a proposed consideration of ₹171 crore (subject to adjustments for net assets/liabilities).

The transaction is subject to the completion of successful due diligence. The company said it will provide further details once definitive agreements are entered into, on such terms and conditions as may be mutually agreed upon between the company and the sellers, and pursuant to necessary statutory approvals, if any.

Chalet Hotels also announced the appointment of Shwetank Singh as the Managing Director and CEO of the company, with effect from February 1, 2026.


It also announced the appointment of Dr. Sanjay Sethi as a Non-Independent Non-Executive Director of the company, with effect from February 1.