Chalet Hotels Pours ₹1,500 Cr Into New Luxury Brand ATHIVA

Chalet Hotels, a part of the K Raheja Corp Group, has launched its new upper-upscale hospitality brand—ATHIVA Hotels & Resorts, debuting with six properties comprising over 900 keys and a total capital expenditure of approximately ₹1,500 crore.

The brand’s first property, the 147-key Dukes Retreat in Khandala, Maharashtra, was officially launched on 16 October 2025, featuring 11 elegantly designed suites that reflect ATHIVA’s focus on refined luxury. The portfolio also includes a repositioned business hotel in Navi Mumbai, The Resort at Aksa Beach, and three greenfield developments—two in Goa and one in Thiruvananthapuram—scheduled to be operational by 2029.

Managing Director & CEO Sanjay Sethi noted that the majority of the capital investment has been funded through internal accruals, underscoring the company's strong financial position and growth capacity.

Chalet plans to double ATHIVA’s inventory to 1,800 rooms within three years, targeting 300–400 new keys annually, with continued focus on Tier I cities and key leisure destinations such as Goa, Rajasthan, Trivandrum, and the Himalayan region.

News by Rahul Yelligetti.