M&A M&A
Chalet Hotels to buyout partners’ stake in NCR's Courtyard by Marriott hotel for Rs.315-Cr
Source Marriott (opens in a new tab)PTI (opens in a new tab)
Publicly listed Chalet Hotels Ltd will acquire its partners' share in Ayushi and Poonam Estates LLP - the owner of Courtyard by Marriott , Aravalli Resort, in the National Capital Region (NCR) - for INR 315 crore.Courtyard by Marriott, Aravalli, is a 158-room hotel with two restaurants and two bars, having a built-up area of 18,533 sq metres.