Chalet Hotels hits record high on inking 5 new contracts with Marriott Int

Last week, Chalet Hotels had entered into a Franchise Agreement and other related agreements with Hyatt India Consultancy and its affiliates for the brand 'Hyatt Regency'

Shares of Chalet Hotels surged 11.2 per cent to hit an all time-high of Rs 395 during the early morning deals on the BSE on Tuesday after the company announced signing of five new agreements with Marriott International across Hyderabad and Mumbai.

" Under the agreement, Chalet would build hotels & extend contracts across brands such as W, Westin & Marriott Executive Apartment in Hyderabad and Mumbai," the company said in a statement.  READ HERE

As per the agreement, Chalet will develop The Westin Hyderabad Hitec City, an upcoming property expected to be commissioned in 2020; The