Chalet Hotels May Consider Own Brand in Long Term

K Raheja Corp's Chalet Hotels may look at bringing its own brand of hotels after having firmly established itself among the top-four players in India's hospitality space with a market cap of more than ₹19,000 crore. In an interaction with Gulveen Aulakh in New Delhi, Sanjay Sethi, managing director and chief executive officer of Chalet Hotels, says the company's performance, its strategy to diversify into leisure hotels and expansion to more geographies provide a springboard to launch its own brand. Edited excerpts:

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You're among the largest hotel firms in the country. What is holding you back from launching your own brand?

We are 100 per cent asset owners of whatever we have in our portfolio, and some of them we manage ourselves. This creates a springboard with some time in the future to launch our own brand. We do run some of our hotels ourselves and when we get more of them under our management operations, we may just string them together to begin with, with a common name. This could become the genesis for something different or the springboard for an asset-light initiative a few years down the line.

What's the growth outlook for the next three-four years?