loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations

Open ICICI
3-in-1 Account

Manage your Savings, Demat and Trading Account conveniently at one place

+91

BLOG

Chalet Hotels has completed the re-branding of its Four Points Sheraton

ICICIdirect Research 26 Aug 2026 DISCLAIMER

News: Chalet Hotels has completed the re-branding of its Four Points Sheraton, Vashi hotel to Athiva Pulse, Autograph Collection, effective immediately. This is the company’s 2nd Athiva-branded hotel after Athiva Khandala and the 2nd Autograph Collection hotel by Marriott International to open in India. The refurbished hotel has 152 rooms, including 34 suites, along with a 30,000 sq ft “The Daily Club” that can host weddings and MICE.

View: Chalet Hotels continues to re-brand its existing portfolio under its newly launched premium brand, “Athiva”. The management had earlier indicated that Athiva would comprise 6 hotels and 900+ keys; the portfolio now includes Athiva Khandala and Athiva Vashi, with 2 Athiva resorts in Goa, 1 in Trivandrum and 1 at Aksa Beach, Mumbai in the pipeline. The company has also recently added 2 more Athiva properties in Pune and Hyderabad. Rebranding along with property renovations should provide scope for improvement in ADR and occupancy, although these initiatives may take time to stabilise. We expect the rebranding and refurbishment to be margin-accretive over the medium to long term.

Impact: Neutral

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere

Download ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere