Chalet Hotels Limited has informed the Exchange about Capacity addition
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Chalet Hotels' Board has approved building a new ~330-room luxury hotel with ~36,255 sq. ft. of commercial/retail space in Madhapur, Hyderabad. This will be the company's third hotel in the city and will operate from a warm shell leased premises. Total investment is pegged at around Rs. 632.8 crore (including security deposit), to be funded through a mix of internal accruals and debt. The project is targeted to be operational by FY2029 and is part of the company's expansion strategy.
This is a sizeable growth move that expands Chalet Hotels' footprint in a key market, though the Rs. 632.8 crore outlay will increase debt and capex commitments over the next few years. Near-term stock impact may be neutral, with long-term benefits depending on timely execution and occupancy at the new property.