Chalet Hotels Limited was incorporated as a Private Limited Company with the name 'Kenwood Hotels Private Limited' on January 6, 1986. On July 19, 1997, the Company was converted into a Public Company and the name was changed to 'Kenwood Hotels Limited'. On April 6, 1998, the name of Company was further changed to 'K. Raheja Resorts & Hotels Limited'. Thereafter, on May 4, 1999, the name was changed to 'Chalet Hotels Limited'. On the conversion of Company to a Private Limited Company via fresh Certificate of Incorporation issued by the RoC on October 15, 2011, the name changed to 'Chalet Hotels Private Limited'. Resulting to this, Company converted the status to a Public Limited Company as 'Chalet Hotels Limited' on June 6, 2018.
Chalet Hotels Limited, the hospitality arm of one of India's leading real-estate development group, viz. K Raheja Corp, is an owner, developer, asset manager and operator of hotels under globally leading hospitality brands and resorts in the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Pune and Lonavala. Chalet also has significant interests in commercial assets located in MMR and Bengaluru.
The Company is engaged in business of hospitality (hotels), commercial and retail operations and real estate development. At March 31, 2025, the Company has 7 hotels (and one service apartment building) operating at Powai and Sahar (Mumbai), Vashi (Navi Mumbai), Pune, Bengaluru and Hyderabad, commercial property at Bengaluru and Sahar, Mumbai and is engaged in construction and development of a residential property at Bengaluru.
Chalet Hotels Limited came out with an Initial Public Offering (IPO) of 58,613,571 equity shares of Face Value of Rs 10 each of the company for cash at a price of Rs 280 per equity share (including a share premium of Rs 270 per equity share) aggregating to Rs1614.18 Crores. The offer comprises of a fresh issue of 33,928,571 equity shares aggregating Rs 950 crores by the company (fresh issue) and an o