Acquisition History / Chalet Hotels Ltd / Mahananda Spa and Resorts Private Limited (The Westin Resort & Spa, Himalayas)
Chalet Hotels Ltd Acquires Mahananda Spa and Resorts Private Limited (The Westin Resort & Spa, Himalayas)
Announced February 10, 2025 — $59.9M
What happened
Mahananda Spa and Resorts, a wholly owned subsidiary of Mankind Pharma, owns and operates The Westin Resort & Spa, Himalayas in Uttarakhand. Chalet Hotels agreed to acquire 100% of the company at an enterprise value of Rs 5,300 million.
- Acquirer
- Chalet Hotels Ltd
- Target
- Mahananda Spa and Resorts Private Limited (The Westin Resort & Spa, Himalayas)
- Announced
- February 10, 2025
- Price
- $59.9M
- Industry
- Hotels and resorts
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Chalet Hotels Ltd acquire Mahananda Spa and Resorts Private Limited (The Westin Resort & Spa, Himalayas)?
Chalet Hotels Ltd acquired Mahananda Spa and Resorts Private Limited (The Westin Resort & Spa, Himalayas) on February 10, 2025. This was Chalet Hotels Ltd's 1st publicly tracked acquisition out of 1 we have on record.
How much did Chalet Hotels Ltd pay for Mahananda Spa and Resorts Private Limited (The Westin Resort & Spa, Himalayas)?
Chalet Hotels Ltd paid $59.9M for Mahananda Spa and Resorts Private Limited (The Westin Resort & Spa, Himalayas).
What does Mahananda Spa and Resorts Private Limited (The Westin Resort & Spa, Himalayas) do?
Mahananda Spa and Resorts, a wholly owned subsidiary of Mankind Pharma, owns and operates The Westin Resort & Spa, Himalayas in Uttarakhand. Chalet Hotels agreed to acquire 100% of the company at an enterprise value of Rs 5,300 million.
What other Hotels and resorts companies has Chalet Hotels Ltd acquired?
Mahananda Spa and Resorts Private Limited (The Westin Resort & Spa, Himalayas) is Chalet Hotels Ltd's only publicly tracked acquisition in Hotels and resorts so far.