Q2-FY26 · Sanjay Sethi
Aiva is not a pivot. It's an evolution in our journey. It strengthens our developer and owner DNA while positioning us for the future.
Chalet Hotels · tone and specificity signals across the available quarters.
Language signals
Aiva is not a pivot. It's an evolution in our journey. It strengthens our developer and owner DNA while positioning us for the future.
Our total debt servicing is now covered by our cash flows from the commercial real estate segment, which enables the hospitality business to pursue further growth accretive activities.
We continue to prioritize quality over pace in terms of tenant selection.
We have always believed that the upper upscale and luxury segment is our playground and the way we see the rising income levels, the fact that travel is becoming a non-discretionary spend very rapidly, we believe that's where the play is.
We have managed to maintain very high levels of ADR and most importantly during these days more than the business what counts is the positioning.
Our competitive borrowing cost is a clear reflection of the strength of our balance sheet, the credibility we have built with our lenders and our continued ability to access capital at increasingly competitive rates.
We lost almost 9,000 room nights from foreign tourist arrivals and some attached business from the domestic side.
This is not a capital decision for us. We are trying out a project level partnership something that we have not tried before.
Our balance sheet continues to provide adequate headroom and financial flexibility to pursue strategic opportunities as they arise.