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Chalet Hotels, owner, developer, asset manager and operator of high-end hotels in India, is earmarking about 300 crore for its upcoming luxury hotel at Terminal 3 of Indira Gandhi International Airport in the national capital, its managing director Sanjay Sethi told ET...
In May this year, Chalet Airport Hotel, a wholly-owned subsidiary of Chalet Hotels, had signed a franchise agreement for the airport hotel with Tata Group-backed Indian Hotels Company (IHCL)..
The hotel, being built on a warm shell lease arrangement between Chalet Hotels and Delhi International Airport Limited (DIAL), is expected to open by the end of FY26...
Sethi said he expects five-digit average daily rates, 90%-plus occupancy rate, and high food and beverages (F&B) sales from the upcoming airport hotel...
"This hotel is a franchising arrangement with IHCL, which means that while they will give their Taj brand to the hotel along with their loyalty programme, distribution support and access to their sales network, the day-to-day operations will be run by our team," said Sethi..
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