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'Buy' Chalet Hotels Shares Says ICICI Securities, Hikes Target Price, Sees 45% Upside — Here's Why
The brokerage is bullish on Chalet Hotel, hence retains Buy with SoTP-based revised target price of Rs 1,017 (earlier: Rs 965).
20 Feb 2025, 07:11 PM IST 
Chalet Hotels Ltd. has announced the completion of the acquisition of 141 keys five-star luxury hotel – The Westin Resort and Spa, Himalayas in Rishikesh at an acquisition cost of Rs 5.3 billion.
(The-orb-retail Mumbai Photo Source: Company website)
Apart from the recent acquisition of The Westin Resort and Spa, Himalayas in Rishikesh, the company’s expansion plans remain on track with renovation and expansion of the Dukes Retreat, Lonavala (150 keys overall) likely to complete by Q1 FY26.
