India's Chalet Hotels rises on launching premium brand of resorts

Chalet Hotels

16/10/2025 06:08

** Chalet Hotels CHAL.NS rises 2.4% to 958 rupees

** Hotels operator announces launch of ATHIVA Hotels & Resorts, debuting with more than 900 keys across six properties

** Macquarie says ATHIVA signals shift to brand ownership and self-operation, targetting millennial and Gen Z customers with refined luxury and local experiences

** Calls parent group ties a competitive edge

** Stock rated "strong buy" on average; median PT is 1,065 rupees, per data compiled by LSEG

** YTD, CHAL falls 1.6%

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))