Praveg Limited set to transform Lakshadweep islands into eco-responsible luxury destinations

Praveg Limited set to transform Lakshadweep islands into eco-responsible luxury destinations

Praveg Limited, a leader in eco-responsible luxury resorts in India, has announced a groundbreaking partnership with the Department of Tourism, Union Territory of Lakshadweep, to embark on the development, operation, maintenance, and management of luxury tent accommodations and commercial activities on Thinnakara and Bangaram Islands. This ambitious initiative aims to establish 200 luxury tents on […]

Chalet Hotels acquires Courtyard by Marriott Aravali Resort to strengthen portfolio in leisure segment

Chalet Hotels acquires Courtyard by Marriott Aravali Resort to strengthen portfolio in leisure segment

In a strategic move to bolster its presence in the leisure hospitality sector, Chalet Hotels Limited (CHL) has successfully executed definitive agreements for the acquisition of the Courtyard by Marriott Aravali Resort, NCR (CYMA). The transaction, finalized on February 29, 2024, for an Enterprise Value of INR 3,150 MN, marks a significant milestone in CHL’s […]