New Delhi/ Mumbai, Sept. 2 -- Listed hotel player from the K Raheja Corp. group, Chalet Hotels, is reworking the way Indian hotel companies ride industry ups and downs with its strategy to build offices, scripted resorts in leisure destinations and management of select properties. "In a way, we've de-risked the hotel business for life," outgoing managing director and chief executive officer (CEO), Sanjay Sethi, said, speaking to Mint, adding that the company will stay firmly in the business of owning its properties.

A key pillar of Chalet's strategy is its commercial real estate play. The company has built 2.4 million sq. ft of office space on spare land next to its hotels and expects this to grow to 3.3 million sq. ft in the next 18 mon...