Chalet Hotels Ltd. is seeking acquisition opportunities in order to double its portfolio. Chalet is searching for hotel properties with 200-400 rooms, and plans to enter markets such as Delhi, Pune and Goa, apart from expanding its existing capacities. Sanjay Sethi, the Managing Director and Chief Executive Officer of Chalet Hotels said "In the past, we have not looked at acquiring ready hotels as a growth model. Now we are looking at that as an option because we want to be quick in the market. We are probably on the cusp of an upturn. We would like to have ready hotels when the next cycle comes as against building during the upcycle and acquisition opportunities are far better now if we compare to two-three years ago."