Chalet Hotels adds 381 ATHIVA keys in Hyderabad and Pune business districts
Chalet Hotels will develop ATHIVA-branded hotels through long-term leases with Mindspace REIT SPVs: 150 keys in Hyderabad’s Financial District by FY2029 and 231 keys in Pune by FY2031. The additions lift its total inventory, including pipeline, to about 5,500 keys.
Chalet Hotels is adding ATHIVA-branded hotels in Hyderabad’s Financial District and Pune business district through long-term leases with Mindspace REIT SPVs, expanding its self-operated hospitality pipeline by 381 keys.
Why this matters
The leases extend Chalet Hotels' FY27 expansion pipeline across Delhi, Powai, Hyderabad and Airoli, following Q1 FY27 EBITDA growth of 14% as RevPAR rose 6%.
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