Chalet Hotels Limited, a prominent hotel chain backed by K Raheja Corp, reported a 21.3% revenue increase in FY25. However, the company's profit took a hit due to higher expenses and tax adjustments. Key properties include the JW Marriott Mumbai and The Westin Mumbai.
HospitalityRevenue GrowthProfit DeclineHotel ChainExpansionReal Estate MumbaiMay 12, 2025
The profit decline at Chalet Hotels in FY25 is primarily due to higher operating expenses and tax adjustments. Despite a 21.3% increase in revenue, the increased costs have impacted the company's profit margins.
Key properties under Chalet Hotels that contribute significantly to its revenue include the JW Marriott Mumbai Sahar and The Westin Mumbai.
Chalet Hotels plans to continue its expansion strategy, focusing on key markets in India and beyond. The company will also optimize its cost structure and explore new revenue streams to enhance profitability.
The hospitality sector has been impacted by rising operational costs, which have affected profit margins for many companies. Chalet Hotels has been proactive in maintaining service quality and enhancing customer experience to mitigate these challenges.
K Raheja Corp, a real estate giant, is the parent company of Chalet Hotels. Their strategic investments and support have been crucial in the company's growth and success.
Kangana Ranaut's Bandra bungalow, valued at Rs 40 crore, has sparked curiosity amid speculation about its sale. The property's history, including a partial demolition by BMC in 2020, adds to its intrigue.
Century Real Estate has announced ambitious plans to construct eight new housing projects in Bangalore, aiming to meet the growing demand for residential spaces in the city.
The recent acquisition of a high-end sea-view apartment by the promoter of Alkem Laboratories, Cyriac George Singh, has stirred the Mumbai real estate market. Singh's purchase, along with other significant transactions, highlights a growing trend of luxur
Maharashtra Chief Minister expresses ambitious goals to transform the state into a $1 trillion economy. Learn more about the strategies, challenges, and potential outcomes of this monumental endeavor.
The court has strongly condemned real estate developers for including one-sided forfeiture clauses in apartment buyer agreements. This practice has led to significant losses for buyers, particularly during market recessions and declining property prices.
Pune, 5th February 2025: In the dynamic real estate market of Pune and Pimpri-Chinchwad, Raju Bhise has emerged as a visionary leader, steering Austin Realty to unprecedented heights of success.