Chalet Hotels Ltd. share price target

Strong positioning in high-end branded hotels in key business cities Chalet has 7 fully operational hotels (including a co-located serviced residence) representing 2,554 keys, located in the Mumbai Metropolitan Region, Hyderabad, Bengaluru and Pune. The company has partnered with well-known global hospitality players like J W Marriott and The Accor to run its properties under high-end global brands. We believe the company's strong positioning in high-end branded hotels in key cities will pave the way for healthy sales growth. Well positioned to benefit from post pandemic industry revival...

Chalet's room portfolio consists of 2328 rooms spread across 3 cities, Mumbai, Hyderabad and Bangalore. The last hotel constructed being JW Marriott Sahar, has been operational since February 2015. With more than 4 years post completion, the hotel assets portfolio has stabilized with an average occupancy of ~76%. The Orb and Business Centre in Powai would be operational in FY20E with an agreement already signed with WPP marketing to lease the Business Centre and restaurant retailers for The Orb. Leveraging real estate and third-party's management expertise...

Chalet Hotels Ltd, a part of the K Raheja Corp, is an owner, developer and asset manager of luxury upscale and upscale hotels in key metro cities in India. The company has a portfolio total room portfolio of 2328 keys comprising five operating hotels, including a hotel with a co-located serviced residence. All hotels are currently branded with global brands such as JW Marriott, Westin, Marriott, Marriott Executive Apartments, Renaissance and Four Points by Sheraton that are held by Marriott Hotels India Pvt Ltd and its affiliates. While four out of five operating hotel...