Chalet Hotels Limited announced on February 23, 2026, that its Board of Directors has approved the development of a new ~330 room luxury hotel along with approximately 36,255 sq. ft. of commercial/retail space in Madhapur, Hyderabad. This project will be developed within a building premises acquired on a warm shell lease. This new development will be Chalet Hotels' third property in Hyderabad. The company expects the hotel to become operational by FY2029. The total investment required for this project is estimated at ~Rs. 632.8 crore (approximately ₹632.8 crore), which includes the security deposit. The financing for this expansion will be a combination of internal accruals and debt. The Board meeting commenced at 4:00 p.m. and concluded at 4:25 p.m. on February 23, 2026. This development aligns with the company's investment and expansion strategy.
