Chalet Hotels has approved the acquisition of Seasons Hotels, which owns a 144-room resort in Udaipur, for ₹171 crore. The deal marks the company’s entry into Rajasthan as it expands its leisure hospitality portfolio.

Chalet Hotels approved the acquisition of Seasons Hotels for Rupees 1,710 million, gaining full ownership of a 144-room Inder Residency Resort. The deal, cleared on April 24, 2026, is expected to close by May 15, marking the company’s strategic entry into Rajasthan’s leisure hospitality market. The 144-room property gives the company immediate access to Udaipur’s high-demand hospitality market.

Chalet Hotels Limited is set to acquire Seasons Hotels Private Limited, the owner of Inder Residency Resort & Spa Udaipur. The deal is valued at Rs 171 crore. This acquisition marks Chalet Hotels' entry into Udaipur. The company plans to upgrade the property into an upper upscale destination.

Luxury hotel signings are going up considerably in India with chains such as Marriott International, Accor, Hilton and Hyatt ramping up their focus on the segment. Indian chains such as Indian Hotels Company (IHCL), The Leela Palaces, Hotels and Resorts, and The Oberoi Group are also expanding aggressively in diverse locations.Last month, Hilton announced the signing of Waldorf Astoria Goa, its third Waldorf Astoria hotel in India, following the signings of Waldorf Astoria Jaipur and Waldorf Astoria New Delhi.Ranju Alex, the CEO of South Asia for Accor, said luxury signings have really taken off for the chain in an interview in February. Accor has signed a hotel under Sofitel Legend, its ultra luxury brand for Jaipur, besides the Sofitel in Rishikesh and three more Sofitel hotels in Mumbai.“We are looking forward to launching the Raffles hotel in Ranthambore and the Fairmont Agra. The cherry on the cake has been the opening of the Roswyn, A Morgans Originals hotel in Mumbai,” Alex said.

The 330-room hotel at Mindspace Madhapur will expand the campus’s mixed-use ecosystem, with completion targeted by FY28.

Chalet Hotels is set to launch India's first Ritz Carlton in Hyderabad, a 330-room luxury hotel project costing approximately ₹630 crore. This venture, a collaboration with Marriott International, marks Chalet's entry into ultra-luxury hospitality. The company anticipates strong rental performance and good returns from this strategic expansion in a thriving market.

BPCL faces a ₹1,816.65 crore excise demand and plans to appeal at CESTAT, while Chalet Hotels approved a ₹632.80 crore Hyderabad project. Lupin secured EU approval for Ranluspec. Concor signed an MoU at Vizhinjam. HFCL joined a DoT-funded 6G research consortium.

In this briefing: Aarti Industries Ltd - Performance Pick-Up Coincides with Global Headwinds Moderation Chalet Hotels - ARR-Led Growth & Annuity Momentum Varun Beverages Ltd - Double-Digit Volumes; Resilient Execution Global Online Travel Agent (OTA): Macro De-Rating Creates Selective Entry Points in Travel Platforms Lucror Analytics - Morning Views Asia 1. Aarti Industries Ltd - Performance Pick-Up Coincides with Global Headwinds Moderation Resilient Performance Despite Challenging Macro Conditions: Aarti Industries (AIL) delivered a robust operating performance in Q3FY26 despite a volatile global environment. Revenues grew 26% YoY, primarily led by strong volume expansion across multiple value chains. The quarter witnessed a revival in US demand, which translated into higher capacity utilisation and improved operating leverage, even as the company absorbed a portion of US tariff-related costs. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.

In this briefing: Chalet Hotels - ARR-Led Growth & Annuity Momentum Varun Beverages Ltd - Double-Digit Volumes; Resilient Execution Global Online Travel Agent (OTA): Macro De-Rating Creates Selective Entry Points in Travel Platforms Lucror Analytics - Morning Views Asia City Union Bank Ltd - Strong Quarter; Growth Engine Up and Running 1. Chalet Hotels - ARR-Led Growth & Annuity Momentum Stronger ARR: The hospitality business reported 23% YoY revenue growth, with ARR increasing to Rs 14,970 (+15.7% YoY), driven by 25% growth in non-MMR assets. Occupancy stood at 68%, down 230 bps YoY. While MMR and NCR reported muted ADR growth YoY, Hyderabad, Pune, and Bengaluru delivered strong ADR growth. The occupancy softness was primarily due to key additions in Bengaluru and Khandala, leading non-MMR assets to witness a sharper 490 bps decline. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only.