Shares of Chalet Hotels Ltd rallied 4% on 3 December after the company introduced its new premium hospitality brand, Athiva Hotels & Resorts. 

The portfolio will include six hotels with over 900 keys, including future properties like Athiva in Navi Mumbai, Athiva Resort & Spa at Aksa Beach in Mumbai, Athiva Resort & Spa in Varca and Bambolim in Goa, and the Athiva Resort & Convention Centre in Thiruvananthapuram. 
 
The launch implies an aggressive growth into the upmarket resort and conference segment, which boosts investor confidence.
 
The company had declared its first interim dividend of ₹1 per share, indicating a focus on shareholder returns. 
 
Inventory increased 10% year on year due to acquisitions and new additions, and the company accomplished a significant milestone by becoming the first hospitality brand to exceed Climate Group’s EV100 target.

Sanjay Sethi, managing director (MD) and chief executive officer (CEO) of Chalet Hotels, said, “Chalet delivered a strong and steady performance this quarter, reaffirming the resilience of our diversified portfolio and the power of our operational discipline. Even amid volatile external conditions, from unpredictable weather to geopolitical shifts, our teams executed with clarity, consistency, and purpose.”

Chalet Hotels Limited, part of the K Raheja Corp group, is a significant owner, developer, operator, and asset manager of high-end hotels and luxury resorts in India. Its portfolio includes 11 active hotels and resorts with 3,359 keys, operated by worldwide brands such as JW Marriott, The Westin, and Novotel, as well as almost 1,200 additional rooms in development. Chalet is also increasing its commercial real estate presence from 2.4 million to 3.3 million square feet, strengthening its integrated hospitality and real estate platform.

At 12:48 pm, the shares of Chalet Hotels were trading 2.45% higher at Rs 901.50 on NSE.

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