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Chalet Hotels has completed the acquisition of 100% equity share capital of Lakeview Mercantile Company

ICICIdirect Research 08 Sep 2026 DISCLAIMER

News: Chalet Hotels has completed the acquisition of 100% equity share capital of Lakeview Mercantile Company Pvt. Ltd., making it a wholly-owned subsidiary. Lakeview owns over 15 acres of beachfront land at Bambolim, North Goa, with potential to develop a ~170-room luxury resort. The acquisition is in line with Chalet Hotels’ strategy to expand and diversify its portfolio towards leisure destinations.

View: The hotel has been in Chalet Hotels’ pipeline and is currently awaiting requisite clearances and approvals. The company expects to complete construction and operationalise the hotel within 36 months post approvals. The hotel will have 170 rooms and will be positioned under the “Athiva Resorts” brand; Athiva Resorts and Spa at Bambolim, Goa. With an acquisition cost of ₹136.9 crore for the land, we await further details and clarity on the pending approvals and development timeline.

Impact: Neutral

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