Chalet Hotels to acquire land in Goa for its luxury hotel project

Chalet Hotels has approved a transaction for purchase of a land parcel in the state of Goa. The company is acquiring 11 acres of land parcel at a cost of Rs 137 crore.

Once purchased, the Company aims to develop a 5-Star luxury hotel on the said land. The Company is in the process of executing definitive agreement(s) in accordance with the applicable laws and procedural requirements.

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