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Chalet Hotels

Sector: Residential • Location: India

Source: International Finance Corporation (IFC)

Project
Active

 The proposed investment is a senior loan of up to INR3,750 mn (approximately US$51 mn) to Chalet Hotels Limited (Chalet or Company), an owner/developer of hospitality, commercial and retail assets. Chalet’s portfolio comprises of 7 upscale, upper upscale and luxury hotels including a serviced apartment project (together, 2,554 keys) as well as two commercial and two retail assets, across Mumbai,

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The project “Chalet Hotels” is an infrastructure initiative in the Residential sector, located in India. Taiyo aggregates data on it from International Finance Corporation (IFC).

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active

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Description

Description

 The proposed investment is a senior loan of up to INR3,750 mn (approximately US$51 mn) to Chalet Hotels Limited (Chalet or Company), an owner/developer of hospitality, commercial and retail assets. Chalet’s portfolio comprises of 7 upscale, upper upscale and luxury hotels including a serviced apartment project (together, 2,554 keys) as well as two commercial and two retail assets, across Mumbai, Bengaluru (Bangalore), Hyderabad and Pune. IFC’s loan will be used to (i) complete fairly advanced construction of a “green” IFC EDGE-certified commercial asset; (ii) refurbish and upgrade existing hotels and (iii) preserve operational liquidity at a time when hospitality cash flows have been devastated by the worst pandemic in a century.

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Source

Source reliability

High

Data quality score

100%

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URL

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