Chalet Hotels targets Jaipur, Jodhpur, Hyderabad as next growth clusters
Chalet Hotels is scouting Jaipur, Jodhpur, Pune and Hyderabad's financial district for expansion, betting on leisure drive-to markets. FY26 revenue jumped 61% to ₹2,770 cr; pipeline includes Taj Delhi airport, Ritz-Carlton Hyderabad and Hyatt Airoli, with 1,655 rooms under development against current 3,389 keys.
What happened
Chalet Hotels plans expansion into Jaipur, Jodhpur, Pune and Hyderabad's financial district, leveraging leisure drive-to markets. FY26 revenue rose 61% to
Key facts
- 3,389 keys
- 1,655 rooms under development
- Westin Rishikesh acquired ₹530 cr Feb 2025
- Marriott Aravali ₹315 cr
- FY26 revenue ₹2,769.75 cr up 61%
- net profit ₹645.3 cr vs ₹142.3 cr
- Q4 ARR ₹15,456 up 8%
- occupancy 68% down 7.7 pp
- branded inventory 350,000 rooms by FY30
- IHG-Adani 1,500 rooms
Why this matters
Chalet's land-grab in tier-2 leisure and tier-1 commercial nodes raises the bar for site control in Jaipur, Jodhpur and Hyderabad — lock partnerships or anchor flags now before cap rates compress.
Also reported by
- Mint — Same time