Chalet Hotels to acquire Dukes Retreat resort for Rs.133-Cr

Publicly listed, Mumbai-based Chalet Hotels Ltd (CHL) is to acquire The Dukes Retreat - an 80-room resort in Khandala, Maharashtra - for an enterprise value of INR 133 crore. The resort land, spread over 7.5 acres, was owned by Sonmil Industries Pvt Ltd while the hotel structure and its business are owned by The Dukes Retreat Pvt Ltd.