Shwetank Singh has taken the helm as managing director and chief executive officer of Chalet Hotels Limited, the Mumbai-headquartered hospitality-led real estate group and one of India’s largest owners of luxury and upper-upscale hotels. Effective 1 February 2026, the appointment follows a structured succession process and sees Singh succeed Sanjay Sethi, who held the top role for over a decade.
Singh brings approximately 26 years of experience spanning hospitality operations, real estate development, asset management and corporate strategy. He holds a B.Tech from the Indian Institute of Technology (IIT) and an MBA in finance and marketing from the Faculty of Management Studies (FMS), Delhi – two of India’s most competitive academic institutions. His career trajectory is notably cross-sectoral, having begun not in hospitality but in finance, with early roles at Tata Steel and Citi Financial before pivoting to the hotel industry.
His entry into hospitality came through Premier Inn, where he served as a full-time director on the board of Premier Inn India with oversight of sales and marketing, operations, F&B, HR, finance and training. He subsequently joined InterGlobe Hotels as vice president of development and asset management, playing a key role in expanding the ibis brand network across India – one of the country’s most successful economy hotel rollouts.
Singh then moved to Dubai to lead the hospitality division at Golden Sands LLC, part of Arenco Real Estate, where he managed a portfolio of properties affiliated with Hilton, Marriott and Taj. That international exposure refined his understanding of global brand dynamics and owner-operator relationships – skills directly applicable to Chalet’s multi-brand partnership model.
He joined Chalet Hotels in August 2023 as chief growth and strategy officer, leading project development, business development and strategic initiatives. His mandate expanded significantly in October 2024, when the board appointed him executive director with additional responsibility for operations, asset management and the company’s environmental, social and governance (ESG) programme. The progression from strategy officer to board director to managing director and CEO in under three years reflects the deliberate succession planning that outgoing CEO Sethi credited in the company’s Q1 FY26 earnings release.
Chalet Hotels Limited, part of the K Raheja Corp group, operates as an owner, developer, asset manager and operator of high-end hotels and mixed-use developments across India’s key gateway cities. The company’s portfolio currently comprises 11 fully operational hotels representing more than 3,300 keys across mainstream and luxury segments, alongside approximately 2.4 million square feet of commercial real estate. Its properties are located across Mumbai, the National Capital Region, Hyderabad, Bengaluru, Pune, Rishikesh and Khandala in Maharashtra.
The group partners with leading global hospitality brands to operate its hotels, with Marriott International and Accor representing the majority of its branded portfolio. Key properties include the JW Marriott Mumbai Sahar (588 keys), The Westin Mumbai Powai Lake (604 keys), Marriott Whitefield Bengaluru and the Courtyard by Marriott Aravali Resort in the NCR. The company also operates a Four Points by Sheraton in Navi Mumbai and The Westin Resort & Spa in the Himalayas.
Singh takes the top role at a transformative moment for the company. In FY25, Chalet Hotels recorded its strongest year on record, with revenue crossing ₹15 billion for the first time – a 22 per cent increase year on year. Core EBITDA margins improved to 44 per cent, and the company declared its maiden interim dividend during Q2 FY26. More recently, Q3 FY26 results showed consolidated revenue rising 27 per cent year on year to ₹5,892 million, with EBITDA climbing 29 per cent.
A defining strategic milestone arrived in October 2025 with the launch of Athiva Hotels & Resorts, Chalet’s own premium lifestyle hospitality brand. Debuting with the transformation of the iconic Dukes Retreat in Khandala into Athiva Resort & Spa (147 rooms including 11 suites), the brand represents the company’s evolution from pure asset owner to brand-led hospitality platform. Five additional properties are earmarked for the Athiva portfolio – including a renovated business hotel in Navi Mumbai, The Resort at Aksa Beach, two seafront properties in Goa and a convention centre in Thiruvananthapuram – giving the brand more than 900 committed keys with plans to double capacity within three years.
The development pipeline extends further, with a Taj hotel of approximately 385–390 keys planned at Delhi Airport opposite Terminal 3 and a Hyatt Regency of around 280 keys at Airoli in Navi Mumbai. The company has outlined a ₹2,000 crore capital expenditure programme over the next three years to support this expansion.
Chalet’s sustainability credentials also set it apart. The company ranked sixth globally in the Hotels, Resorts and Cruise Line category of the 2024 Dow Jones Sustainability Index and became the first hospitality brand in India to fully transition its vehicle fleet to 100 per cent electric, achieving its EV100 target ahead of schedule.
Singh’s appointment positions him to lead across multiple fronts – scaling the Athiva brand, delivering the development pipeline, maintaining global brand partnerships and advancing the company’s net-zero ambitions. His predecessor Sethi described him as structured, strategic and fearless, noting his ability to integrate design, ESG and business metrics. For a company valued at approximately $2.4 billion and navigating a period of aggressive growth, that combination of analytical rigour and operational breadth will be central to the next chapter.
