Incorporated in 1986, Mumbai-based Chalet Hotels Limited is engaged in owning, developing, and managing high-end hotels in major metro cities across India and is part of the K. Raheja Corp group. Its hotels operate under global brands such as JW Marriott, Westin, Marriott, and Marriott Executive Apartments, with five properties in the Mumbai Metropolitan Region, Hyderabad, and Bengaluru. The company reported total revenue of ₹9,295.14 million in 2018, growing at a CAGR of 14.83% between 2014 and 2018. Chalet Hotels follows an active asset management model, maintains high occupancies (~75%), and achieves strong EBITDA margins (41% in FY18 vs 34% industry average). The company benefits from strategic international tie-ups, cost-efficient construction and renovation, and high returns on capital, with investor IRRs ranging from 7.9% to 14.46% across key partnerships. EBITDA projections indicate growth from ₹500 Cr in FY20 to ₹700 Cr in FY22.