Chalet Hotels

Chalet Hotels to acquire Westin Resort & Spa, Rishikesh for Rs 530 crore

The company will acquire a 100 per cent stake in Mahananda Spa and Resorts, a wholly owned subsidiary of Mankind Pharma Limited

Chalet Hotels up 7%, hits record after Axis Securities initiates with 'Buy'

The rally in Chalet Hotels share price came after domestic brokerage Axis Securities initiated coverage with 'Buy' on Chalet Hotels, for a target price of Rs 1,191 per share, as per reports

Indian Hotels stock falls 5% post Q4 results; peer group shares rise

Indian Hotels stock update: Share price declined 5% day after company reported 29% growth in net profit.

Hotel stocks rally up to 9% in weak market on hopes of strong earnings

Analysts at Emkay Global see the strength in hospitality industry sustaining in March (Q4)/June (Q1) quarter, based on their channel checks, with year-on-year (YoY) improvement in average room rates.

Chalet Hotels acquires Marriott property Courtyard for Rs 315 crore

The resort, which came up in July 2022, reported an average daily rate of Rs 13,500 till December 2023 with an occupancy rate of 44 per cent, the company added

Chalet Hotels' revenue rises 21% to Rs 310 cr, ARR grows 38% to Rs 10,217

The hospitality revenue came in at Rs 280 crore, up 23 per cent YoY

Hotel stocks in demand: Lemon Tree, Oriental, Kamat Hotels surge up to 10%

Going forward, analysts expect FY24 to stay strong for the sector supported by full resumption of the economy, India's G20 presidency in 2023, ICC Men's world cup and easing of E-visa rules.

Chalet Hotels up 6%, hits 52-week high in a weak market on ratings upgrade

The Positive Outlook reflects a consistent recovery in CHL's business operations since 2QFY22, with 1QFY23 revenue and EBITDA exceeding the pre-COVID-19 levels.

Hospitality sector in sweet spot but revenue boost eludes five key players

Lower costs, improving occupancies as well as room rents augur well

Here's why Vinay Rajani suggests buying Chalet Hotels, UTI AMC

According to technical analyst from HDFC Securities, Chalet Hotels is trying to find support at 50 days EMA, whereas, UTI AMC has formed a bullish 'hammer' candlestick pattern on the chart.

Chalet Hotels consolidated net loss narrows to Rs 11.45 crore in Q4

The company had posted a consolidated net loss of Rs 5.98 crore in the same quarter of the preceding fiscal

Hotel stocks gain on hopes of demand rebound; Chalet Hotels surges 20%

Analysts anticipate a faster recovery in the demand environment and are hopeful that consumption will reach normalised pre-Covid levels in H1FY23

Business hotels start seeing signs of recovery after protracted lull

Pent-up demand in MICE segment as firms start hosting physical events again, and easing of curbs on international travel will also help in getting closer to pre-Covid revenue levels, says industry

Hotel stocks on a roll; Indian Hotels, Chalet, EIH surge over 10%

Easing of travel related restrictions, coupled with pent-up vacation demand, seems to the driving force behind a sharp surge in hotel shares

Mumbai's Chalet hotels scouting for distressed assets as Covid curbs ease

'We've had a rough five quarters now since March of 2020,' says company's CEO Sanjay Sethi.

Hotels limp back to normalcy as business travel remains depressed

Recovery still far away; blended average occupancy up 28-30% in current quarter from 18-25% in three months to September

Hospitality firms look at one-time debt restructuring as moratorium ends

On account of being highly leveraged, 15 per cent of the total 160,000 rooms are at a risk of being shuttered forever according to hotel industry estimates

Unlock 4: Maharashtra allows hotels and lodges to operate at 100% capacity

Even as the hotel association welcomed the move, it said the notification is silent on restaurants and will help if there is further clarity

Sensex slips 557 pts from day's high, ends 83 pts up; pharma, PSBs decline

All that happened in the markets today

From Sanjay Sethi to Ameera Shah, meet new entrants in BS1000 club

The latest members of the BS1000 club have bet on capital expenditure, acquisitions and partnerships for growth