Chalet Hotels Ltd aims to have around 5,500 hotel keys by FY30 as it expands beyond its traditional asset-ownership model, the hospitality player’s MD and CEO Shwetank Singh said.
The expansion marks a shift in Chalet’s business model, with the company now pursuing a combination of third-party operated hotels, franchise properties and hotels under its own Athiva brand.
The Athiva brand accounts for 1,200-1,300 keys of the pipeline.
“So, the way we look at our business is that we have graduated from a pure asset-ownership model to having all three models in play. We will continue to have properties such as the Ritz-Carlton that are operated by third parties, franchise properties like Taj, and properties under our own Athiva brand,” Singh told PTI in an interview.
The company’s upcoming portfolio includes a 380-room Taj hotel at Delhi Airport, with approximately 70 rooms expected to open by the end of this financial year.
Ritz-Carlton Hyderabad, Hyatt Regency Airoli and Udaipur hote
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