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May 23, 2024

Chalet Hotels Ltd is Declared the Successful Bidder to Develop and Operate a Hotel at Terminal 3 of Delhi Airport

Successful Bidder

Its foray into the Northern India Market & the National Capital Region

Chalet Hotels Limited (CHL), owner, developer, and asset manager of high-end hotels in key metro cities of India, has been awarded the contract by Delhi International Airport Limited (DIAL) to develop a Hotel at the T3 Terminal of Indira Gandhi International Airport (IGIA).

With this, CHL will enter the northern India market and the most important gateway city into India, Delhi. This is in line with the planned business expansion strategy and geographical diversification of the Company.

The upcoming terminal hotel will be Company’s 9th hospitality property in the country and first in northern India. The hotel will have ~350-400 rooms positioned in the 5-star deluxe space.

The cold shell is to be delivered by DIAL, the governing body for this project. CHL will complete interiors and other fit outs. JLL was the Transaction advisor to DIAL for the Bid Process. The hotel is expected to be commissioned in FY26 or earlier.

The award-winning IGI Airport in Delhi witnessed around 67.3 million passengers in FY 2019, and in the month of April and May 2022, it had already seen 10.2 million passengers, thus making it one of the busiest airports in Asia.

Sanjay Sethi,CEO & MD, Chalet Hotels Ltd
Sanjay Sethi, CEO & MD, Chalet Hotels Ltd

Following the announcement, Sanjay Sethi, MD & CEO, Chalet Hotels Limited, said, “We are excited about our entry into the NCR and north India as a part of our stated strategy. We look forward to working with DIAL and best of the hotel brands to create a marquee asset in the airport district of New Delhi.”

Aman Kapoor, CEO ALD, GMR Group

Speaking on the occasion, Aman Kapoor, CEO ALD, GMR Group, said, “The development of a terminal hotel at New Delhi’s T3 will bring hospitality to the travellers at the gates of the International Terminal. It will provide a significant benefit to transit passengers, both Domestic and International. We welcome the partnership with Chalet Hotels in the development of this world-class hotel at India’s busiest Airport, which has also been a pioneer of outstanding customer experience in the Indian aviation landscape.”

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