Chalet Hotels in advanced talks to buy Six Senses Vana for 600 crore

New Delhi: Chalet Hotels is in advanced discussions to finalise the acquisition of the luxury wellness retreat Six Senses Vana in Dehradun for around ₹600 crore, people familiar with the matter told ET.

Max Group founder Analjit Singh's son Veer Singh is the owner of the Dehradun property managed by luxury brand Six Senses. Analjit Singh had gifted Vana to his son as part of a succession and inheritance plan, people familiar with the matter said.

Analjit Singh and Chalet Hotels did not respond to requests for comment until press time Sunday. Veer Singh could not be reached for comment.


The Six Senses brand comes under the portfolio of UK-based IHG Hotels & Resorts.

Chalet Hotels, part of the K Raheja Corp group, has been ramping up its focus on the luxury segment. Chief executive Shwetank Singh told ET in February that the company was launching its first Ritz Carlton property, a 330-room luxury hotel project along with commercial or retail space, in Hyderabad.

Last year, Chalet Hotels said it was in the process of entering into a definitive agreement with Mankind Pharma for a 100% stake in Mahananda Spa and Resorts, the company that owns The Westin Resort and Spa, Himalayas in Rishikesh, at an enterprise value of ₹530 crore. In December, Chalet Hotels said it would acquire a company owning a 150-room resort property in Udaipur for ₹171 crore. Chalet Hotels is also constructing a hotel at the Delhi airport to be managed by Indian Hotels company under the Taj brand.

In his interaction with ET in February, CEO Singh said Chalet Hotels had a "very deep belief" in the premiumisation of its offerings, be it residential or commercial projects. "Our data points tell us that these are the segments where most of the growth will come from. All our future announcements will be driven by this belief," he said.