Transforming Rishikesh’s Wellness Landscape: Chalet Hotels’ New Chapter With The Westin Resort & Spa

With a Rs. 5.3 billion investment, Chalet Hotels strengthens its presence in Rishikesh, the heart of India’s wellness and spiritual tourism.

Mumbai, February 10th, 2025: Chalet Hotels Limited (CHL), a part of K Raheja Corp, has announced its acquisition of The Westin Resort & Spa, Himalayas, a luxurious 141-room property nestled in the serene foothills of the Himalayas. This move marks a strategic step in CHL’s expansion into India’s high-growth wellness, leisure, and spiritual tourism markets, positioning the company at the forefront of transformative hospitality experiences.
The acquisition involves the purchase of a 100% stake in Mahananda Spa and Resorts Private Limited, the owning company of The Westin Resort & Spa, Himalayas, from Mankind Pharma Limited. With an enterprise value of Rs. 5.3 billion, CHL is now in the process of finalizing the definitive agreement. This acquisition complements CHL’s mission to redefine premium hospitality while unlocking new avenues of growth in a booming tourism segment.
Opened in January 2023, The Westin Resort & Spa, Himalayas, has already established itself as a destination for luxury, wellness, and tranquility, achieving an ADR (Average Daily Rate) of over Rs. 26,000 and an occupancy rate of 45% as of YTD December 2024. These impressive figures highlight the resort’s significant contribution to the region’s growing reputation as a wellness hub.

A Jewel in the Heart of Rishikesh
Strategically located near the spiritual hub of Rishikesh, often referred to as the “Yoga Capital of the World,” The Westin Resort & Spa is surrounded by the breathtaking beauty of the Himalayan foothills. The property is easily accessible, being just 45 minutes from Jolly Grant Airport in Dehradun, making it an ideal getaway for both domestic and international travelers.
The resort offers 141 tastefully designed rooms, providing panoramic views of the Himalayas and the lush Ganges River valley. With over 10,000 sq. ft. of event space, the property caters to weddings, corporate retreats, and social gatherings. Its Grand Ballroom is the largest in the region, while the expansive outdoor lawns create a picture-perfect backdrop for weddings and cultural events.
A key highlight is the Heavenly® Spa by Westin, which blends traditional Himalayan therapies with modern wellness practices, making it a sought-after destination for rejuvenation. Additionally, the WestinWorkout® Fitness Studio caters to guests seeking an active lifestyle amidst serene surroundings. The property also boasts world-class dining options that combine local flavors with international cuisines, enhancing the overall guest experience.

Leadership Vision and Strategy
Speaking about the acquisition, Dr. Sanjay Sethi, Managing Director and CEO of Chalet Hotels Limited, stated, This acquisition is a significant milestone in our journey to expand Chalet Hotels’ footprint in India’s high-growth luxury and leisure segment. The Westin Resort & Spa, Himalayas, is more than just a property—it’s a wellness destination that perfectly aligns with our vision of creating transformative guest experiences. With this addition, we aim to cater to evolving traveler preferences, offering them the best of both worlds: luxury and tranquility.
Dr. Sethi added that Rishikesh’s growing prominence as a hub for spirituality, yoga, and wellness makes it an ideal destination for Chalet Hotels’ next chapter. The acquisition reinforces the company’s commitment to delivering world-class hospitality while supporting the local economy through sustainable tourism.

Chalet Hotels’ Legacy of Excellence
Chalet Hotels Limited is an industry leader in India’s hospitality sector, with a diversified portfolio of 10 operating hotels and resorts featuring over 3,052 keys under globally recognized brands such as JW Marriott, The Westin, and Novotel. The company has another ~1,000 rooms under development, further strengthening its position as a pioneer in high-end hospitality.
As part of its commercial real estate ventures, Chalet Hotels is augmenting its portfolio from 2.4 million sq. ft. to 3.3 million sq. ft., creating a robust pipeline of growth. The company’s commitment to sustainability is reflected in its Dow Jones Sustainability Index (DJSI) score of 57 and its participation in global climate initiatives like RE100, EP100, and EV100.

The Future of Rishikesh Tourism
This acquisition marks a turning point for Rishikesh, placing it firmly on the map as a global destination for luxury and wellness tourism. With Chalet Hotels’ operational expertise and The Westin Resort & Spa’s existing reputation for excellence, the region is poised to attract a new wave of travelers seeking immersive wellness experiences.
As India embraces the Atmanirbhar Bharat initiative and focuses on developing its tourism and hospitality infrastructure, Chalet Hotels’ strategic investments are contributing to the nation’s economic and cultural growth. By blending luxury with tradition, The Westin Resort & Spa is set to redefine hospitality in one of India’s most iconic locations.
Chalet Hotels Limited, part of the K Raheja Corp group, is an owner, developer, and operator of premium hotels and resorts in India. With a legacy of delivering world-class hospitality experiences, Chalet Hotels is recognized for its commitment to innovation, sustainability, and excellence in service.

Final Thoughts
With the addition of The Westin Resort & Spa, Himalayas, Chalet Hotels has embarked on a new journey of luxury, wellness, and transformative hospitality. This acquisition not only enhances Chalet Hotels’ portfolio but also sets the stage for the company’s growth in India’s burgeoning leisure and wellness tourism sector. As The Westin Resort & Spa welcomes travelers to Rishikesh, it stands as a beacon of serenity, elegance, and modern luxury, reflecting the essence of what Chalet Hotels strives to deliver.

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