Chalet Hotels Limited — Board Meeting, 10-02-2025: Outcome of Board Meeting

Chalet Hotels Limited has announced a board meeting to consider the acquisition of Mahananda Spa and Resorts Private Limited, which owns The Westin Resort & Spa in Rishikesh. The acquisition aims to enhance the company's portfolio of leisure properties. The total capital employed by Mahananda is approximately ₹407.52 Cr, with a revenue of ₹71.86 Cr and an EBITDA of ₹26.86 Cr for the nine months ending December 2024. This strategic move aligns with the company's growth strategy and is expected to be completed by February 28, 2025, for an enterprise value of ₹530 Cr.