Reliving the evolution journey of Chalet Hotels Once touted as an asset heavy business with debt on the BS, Chalet IN has evolved meaningfully over the last 3-4 years. In this edition of Manthan we take you through the evolution journey of Chalet IN. How has the business transformed and which evolution factors are we talking about? Also, where does the company stand in its evolution journey? Read on to find out more. We have broken down the evolution journey in three sections where we think the business has actually transformed. The three sections are a) entry into leisure segment, b) decision to launch own brand, and c) taking the inorganic route to expand. Entry into leisure segment: When we had initiated on Chalet IN in Dec-22, the company had 7 hotels with 2,554 rooms located in business districts like MMR, Bengaluru, Hyderabad, and Pune. However, over time, Chalet IN has expanded into the leisure category...