Chalet Hotels Limited has informed the Exchange regarding Outcome of Board Meeting held on February 23, 2026.
CHALET · price
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Awaiting price reaction for this filing.
Chalet Hotels' Board has approved the development of a ~330-room luxury hotel along with ~36,255 sq. ft. of commercial/retail space in Madhapur, Hyderabad. The project will be set up on a warm shell lease and will be the company's third hotel in Hyderabad. Total investment is estimated at ~Rs. 6,328 million (including security deposit), funded through a mix of internal accruals and debt. The new property is expected to be operational by FY2029.
This is a meaningful capacity expansion that signals continued growth in Chalet's portfolio, though the ~Rs. 632 crore capex and debt component may put some pressure on the balance sheet in the near term. Positive for long-term revenue potential, especially in the key Hyderabad market.