Chalet Hotels approved allotment of 1,26,26,263 equity shares to eligible qualified institutional buyers at the issue price of Rs.792 per equity share, i.e., at a premium of Rs.782 per equity share to the face value of equity share, aggregating to Rs.1000 crore, pursuant to the said qualified institutions placement of equity shares.Pursuant to the allotment of equity shares in the Issue, the paid-up equity share capital of the company stands increased from Rs.205,47,40,080 consisting of 20,54,74,008 equity shares to Rs.218,10,02,710 consisting of 21,81,00,271 equity shares.Powered by Capital Market - Live News

Chalet Hotels has launched a qualified institutions placement of equity shares of face value of Rs 10 on 27 March 2024 with floor price of Rs 780.76 per equity share. Powered by Capital Market - Live News

Chalet Hotels (CHL) announced the execution of definitive agreements for the acquisition of `COURTYARD BY MARRIOTT ARAVALI RESORT, NCR (CYMA), a 158-room resort. The resort is spread over 14 acres of land, elevating the property`s potential for enhanced offerings. CHL has on 29 February 2024 executed the definitive agreement for admission into the partnership viz. `Ayushi and Poonam Estates LLP`, owner of CYMA. The Enterprise Value for the transaction is at Rs 315 crore (to be adjusted for cash on books). CHL will be concluding the formalities shortly.Since its commencement in June 2022, the resort has been the preferred choice for leisure travelers, MICE and destination weddings. Strategically located within 1.5 hrs. from New Delhi, Gurgaon and Noida, the resort boasts of its easy accessibility to Indira Gandhi International Airport New Delhi.The property reported an ADR of Rs ~13,500 for the YTD December FY24 with an occupancy of 44%.Powered by Capital Market - Live News

The Board of Chalet Hotels at its meeting held on 29 February 2024 has approved the acquisition of partners` share in Ayushi and Poonam Estates LLP, owning entity of Courtyard by Marriott, Aravalli Resort, in the National Capital Region (NCR).Powered by Capital Market - Live News

Net profit of Chalet Hotels declined 30.99% to Rs 70.62 crore in the quarter ended December 2023 as against Rs 102.34 crore during the previous quarter ended December 2022. Sales rose 28.96% to Rs 373.67 crore in the quarter ended December 2023 as against Rs 289.75 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales373.67289.75 29 OPM %44.4239.17 - PBDT123.97108.74 14 PBT88.6580.62 10 NP70.62102.34 -31 Powered by Capital Market - Live News