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By Nishang Narayan
Published on June 11, 2024
Chalet Hotels, a prominent owner, developer, asset manager, and operator of hotels, has announced plans to renovate three of its properties across India. The properties undergoing renovation include the international brand Four Points by Sheraton Navi Mumbai, and two independent hotels, The Resort at Madh Island Mumbai and The Dukes Retreat at Lonavala.
Chalet Hotels AVP and Four Points by Sheraton General Manager, Stephen D’souza, shared the details of these upgrades with ETHospitalityWorld.com, highlighting the company's commitment to aligning with current trends and customer expectations.
The Dukes Retreat at Lonavala:
The Dukes Retreat at Lonavala, a property operational for approximately 35 years, is set for significant expansion. Upon completion, the hotel will increase its guest rooms from 80 to 147. Additionally, it will introduce a 5,500ft² banqueting space and open up 40,000ft² of lawns, positioning it as a prime destination for weddings and corporate MICE (meetings, incentives, conferences, and exhibitions) events.
Four Points by Sheraton Navi Mumbai and The Resort at Madh Island Mumbai:
While the renovation plans for Four Points by Sheraton Navi Mumbai are still in the planning phase, The Resort at Madh Island Mumbai has already commenced its upgrades. D’souza emphasized the importance of modernizing these properties, stating, "We have been taking feedback from our guests and customers for the last 12 to 18 months and based on this feedback, we have drawn up our renovation and upgradation plans."
Technology and Innovation:
Chalet Hotels is also prioritizing technology upgrades across these properties, with ongoing trials of innovative tech solutions. Successful implementations from these trials will be rolled out to future properties, ensuring that the hotels stay ahead in providing a modern and comfortable guest experience.
Marketing and Future Acquisitions:
The company aims to market the renovated cluster as preferred locations for both weddings and corporate events. In line with their expansion strategy, Chalet Hotels recently signed a definitive agreement to acquire the Courtyard by Marriott Aravali Resort in the National Capital Region of India.
With these renovations, Chalet Hotels continues to strengthen its position in the Indian hospitality industry, enhancing guest experiences and meeting evolving market demands.
For more information about Chalet Hotels and their properties, visit Chalet Hotels.
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Published on July 5, 2025
Hyatt Hotels is doubling down on its asset-light strategy with a major move—selling Playa Hotels’ real estate portfolio to Tortuga Resorts for $2 billion. This follows Hyatt’s acquisition of Playa in February for $2.6 billion, including debt. Playa operates 24 luxury all-inclusive resorts across Mexico, Jamaica, and the Dominican Republic.
The sale covers 15 of Playa’s resort assets, effectively reducing Hyatt’s net purchase price for the remaining Playa business to around $555 million. The deal, still pending regulatory nods in Mexico, is expected to close before the end of 2025.
As part of the arrangement, Hyatt and Tortuga will enter into 50-year agreements for these properties, allowing Hyatt to continue managing the resorts. Thirteen of the resorts will operate under Hyatt’s standard management fee structures, with two under separate agreements.
Hyatt CEO Mark Hoplamazian called the move transformational, noting it turns the Playa acquisition into a fully asset-light transaction. "It also ramps up our fee-based earnings," he added. Hyatt now anticipates its asset-light earnings mix could hit at least 90% by 2027.
Analysts view the swift real estate divestment positively, seeing it as a smart way for Hyatt to stay nimble while bolstering returns. Proceeds from this deal will primarily go toward repaying loans taken to finance the Playa buyout.
Novotel Visakhapatnam Varun Beach, a flagship Accor property, has proudly announced that it has been awarded the Green Key Certification, a globally recognised eco-label that underscores excellence in sustainable tourism and hospitality.
Granted by the Foundation for Environmental Education (FEE)—one of the world’s leading environmental education organisations and recognised by the Global Sustainable Tourism Council (GSTC)—the certification marks a significant milestone in the hotel’s ongoing efforts to integrate eco-friendly practices without compromising guest comfort or luxury.
Lakshmi Sridhar, General Manager, Novotel Visakhapatnam Varun Beach, said, “At Novotel Visakhapatnam Varun Beach, we believe that sustainability is not just a responsibility, but a way of life. Being Green Key certified reinforces our commitment to offering eco-conscious experiences that align with global environmental standards.”
The hotel has rolled out various impactful initiatives, from using clean, renewable energy and implementing robust waste management practices to driving water conservation, enhancing energy efficiency, and sustainably sourcing products. These measures are designed to benefit not only the environment but also the local community.
As travel trends increasingly lean towards conscious luxury and responsible tourism, this certification positions Novotel Visakhapatnam Varun Beach as a leader in sustainable hospitality in India.
Indian Hotels Company (IHCL), India’s largest hospitality player, has announced the signing of a new Vivanta property in Anjuna, Goa. This greenfield project marks another step in IHCL’s strategy to grow its presence across key leisure destinations in India.
Strategically located in Anjuna, celebrated for its vibrant culture and beaches, the upcoming Vivanta Anjuna, Goa will feature 110 well-appointed rooms. Guests can look forward to an array of facilities including an all-day diner, a bar, a swimming pool, a fully equipped gym, and modern conference spaces, catering to both leisure and business travellers.
Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL, shared, “IHCL has been at the forefront of pioneering destinations and has played a defining role in putting Goa on the global tourism map for over five decades. This signing is in line with our strategy to expand IHCL’s presence across segments in key leisure markets. We are delighted to strengthen our partnership with Fiesta Hotels with this new project.”
The hotel is being developed by Fiesta Hotels Pvt. Ltd., led by directors Ravinder Kumar, Manju Vardhan, Raj Vardhan, Harsh Vardhan, Gagan Garg, and Gaurav Garg, who have deep investments in real estate and hospitality. Ravinder Kumar, Director, Fiesta Hotels Pvt. Ltd., said, “We are proud to collaborate with IHCL through the addition of our second hotel in Goa. It stands as a testament to our shared vision to deliver exceptional experiences in one of India’s most cherished destinations.”
Goa continues to attract travellers with its sun-soaked beaches, Portuguese-era architecture, thriving culinary and music scene, and vibrant local communities. With this signing, IHCL’s Goa portfolio grows to 18 hotels, including five under development, underscoring its long-standing commitment to shaping Goa’s tourism landscape.
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