From The Economic Times · Anumeha Chaturvedi · · 1m 30s
Chalet Hotels eyes Six Senses Vana for Rs 600 crore
India's luxury hotel operator pursues acquisition of wellness retreat in Dehradun as part of premium segment expansion.
In brief
India's luxury hotel operator pursues acquisition of wellness retreat in Dehradun as part of premium segment expansion. Chalet Hotels is aggressively moving upmarket, acquiring luxury properties across India to capitalize on growing demand for premium hospitality. Originally reported by The Economic Times.
Chalet Hotels pursues Six Senses deal
Chalet Hotels is in advanced talks to acquire Six Senses Vana, a luxury wellness retreat in Dehradun, for approximately Rs 600 crore. The property is currently owned by Veer Singh, son of Max Group founder Analjit Singh.
Succession plan behind the sale
Analjit Singh gifted Vana to his son as part of a succession and inheritance plan. The property is managed by luxury brand Six Senses, which operates under UK-based IHG Hotels and Resorts.
Chalet's luxury expansion strategy
Chalet Hotels, part of K Raheja Corp, is ramping up its focus on the luxury segment. CEO Shwetank Singh said the company has a deep belief in premiumisation, with most growth expected in premium offerings.
“Our data points tell us that these are the segments where most of the growth will come from.”
Ritz Carlton launch in Hyderabad
Chalet Hotels is launching its first Ritz Carlton property in Hyderabad, a 330-room luxury hotel with commercial and retail space. This marks the company's entry into the ultra-premium segment.
Recent acquisitions fuel growth
Chalet Hotels acquired Mahananda Spa and Resorts (The Westin Rishikesh) for Rs 530 crore and a 150-room resort in Udaipur for Rs 171 crore. The company is also building a hotel at Delhi airport under the Taj brand.
What it means
Chalet Hotels is aggressively moving upmarket, acquiring luxury properties across India to capitalize on growing demand for premium hospitality.
