Franchise agreement between Chalet Hotels and Hyatt Group

260 keys hotel at Airoli, Navi Mumbai will be the first Hyatt Regency branded hotel for Chalet Hotels

Master Franchise Agreement, Chalet Hotels, Hyatt group, Hyatt Regency, Airoli, Navi mumbai, 260 keys hotel, Sanjay Sethi

Chalet Hotels on Monday said it has signed a franchise agreement with Hyatt India Consultancy Pvt. Ltd and its affiliates for Hyatt Regency in Navi Mumbai. The upcoming around 260 keys hotel at Airoli, Navi Mumbai will be the first Hyatt Regency branded hotel for the company, Chalet Hotels said in a statement. The project is estimated to be completed in 2022, it added.

"We are pleased to announce this new collaboration with the Hyatt Group, one of the leading global hospitality brands. As part of our growth strategy of strengthening and expanding our portfolio, selection of the right brands continues to be a key focus for our company," Chalet Hotels MD and CEO Sanjay Sethi said.

Part of the K. Raheja Corp, Chalet Hotels Limited (CHL) is an owner, developer and asset manager of high-end hotels in key metro cities in India. The Company’s hotel platform comprises five operating hotels including a hotel with a co-located serviced residence, located in the key Indian cities of Mumbai, Hyderabad and Bengaluru, representing 2,331 keys as of March 31, 2018. All the hotels are branded with globally recognized brands, such as, JW Marriott, Westin, Marriott, Marriott Executive Apartments, Renaissance and Four Points by Sheraton, which are held by Marriott Hotels India Private Limited and its affiliates. The four hotels properties and a serviced residence which are managed by third parties are JW Marriott Hotel Mumbai Sahar, Bengaluru Marriott Hotel Whitefield, The Westin Hyderabad Mindspace, Renaissance Mumbai Convention Center Hotel and Marriott Executive Apartments.

Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company with a portfolio of 20 premier brands. As of September 30, 2019, the Company's portfolio included more than 875 properties in over 60 countries across six continents. The Company's purpose to care for people so they can be their best informs its business decisions and growth strategy and is intended to attract and retain top colleagues, build relationships with guests and create value for shareholders. The Company's subsidiaries develop, own, operate, manage, franchise, license or provide services to hotels, resorts, branded residences, vacation ownership properties, and fitness and spa locations, including under the Park Hyatt®, Miraval®, Grand Hyatt®, Alila®, Andaz®, The Unbound Collection by Hyatt®, Destination®, Hyatt Regency®, Hyatt®, Hyatt Ziva™, Hyatt Zilara™, Thompson Hotels®, Hyatt Centric®, Caption by Hyatt, Joie de Vivre®, Hyatt House®, Hyatt Place®, tommie™, Hyatt Residence Club® and Exhale® brand names.

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