Latest news with #Chalet
CTV News
2 days ago
- Entertainment
- CTV News
PNE Fair returns with wine pairings and crowd favourites
What's new at the PNE Fair this year? Wine pairings with classic fair food are among the newest attractions organizers of the Pacific National Exhibition are promising when The Fair opens on Saturday. The expert advice on how to choose the right glass of white with say, fried pickles, burgers or mini-donuts, is one of the ways the exhibition is trying to entice people back to the fair. 'I think it's so important that we have something new each and every year and something new for each member of the family,' said PNE spokesperson Laura Ballance. 'Our core demographic here at the PNE is two to 92, and everybody in-between.' Wine will be served in the Chalet, where pairings are suggested. The food can be then purchased from venders throughout the fair grounds. 'You do not need champagne and caviar to pair wine,' said wine specialist Carissa Palangio. 'You can pair wine with anything you have in your fridge and anything that we sell at The Fair.' Beyond food and drink, new features include an interactive sports exhibit, like outdoor hockey, and a full concert lineup with performances by Counting Crows, Flo Rida, Meghan Trainor and Lynyrd Skynyrd. The PNE runs from Aug. 16 to Sept. 1, and will be closed on Aug. 18 and 25.
Time of India
01-08-2025
- Business
- Time of India
Chalet Hotels shares rally 8% after Q1 net profit surges 236% YoY
Chalet Hotels shares surged 7.73% on Friday to Rs 978 apiece on the BSE, after the company posted a sharp jump in profitability and strong operational performance for the first quarter of FY26. Chalet reported a 236% year-on-year increase in net profit, rising to Rs 203.1 crore in Q1FY26, compared to Rs 60.4 crore in the corresponding quarter of the previous year. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science PGDM Data Science MBA Artificial Intelligence Leadership healthcare Healthcare Project Management others Others Data Analytics Cybersecurity Degree Product Management MCA Operations Management Digital Marketing Design Thinking Finance Public Policy Management CXO Technology Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sleep Apnea Ruined My Life – Then I Found This Simple Trick Health Insight Undo The strong performance was driven by a significant rise in revenue from operations, which climbed to Rs 894.5 crore from Rs 361 crore in Q1FY25. A major contributor to the revenue spike was Rs 439 crore recognised from the company's residential project in Koramangala, Bengaluru, where 95 flats were handed over to buyers during the quarter. Expansion and Growth Highlights According to the company's BSE filing, Chalet witnessed a 7% year-on-year growth in room inventory, supported by ongoing and recently completed projects: Live Events Marriott Whitefield, Bengaluru: Added 121 rooms in May 2025. The Dukes Retreat, Khandala: Renovated and expanded with 44 new keys and a banquet facility, operational since July 4, 2025. The final phase involving 30 additional rooms is on track for completion, bringing the total inventory to 147 rooms. The Taj at Delhi Airport: Construction is progressing steadily and remains on schedule for completion in H1 FY27. With strong quarterly earnings, consistent execution across key projects, and growing inventory in high-demand locations, Chalet Hotels continues to reinforce its position in India's premium hospitality and real estate sector. Also read: PNB Housing Finance shares crash 17% after resignation of MD & CEO, Girish Kousgi On the technical front, Chalet Hotels' 14-day Relative Strength Index (RSI) currently stands at 52.0. The RSI is a momentum indicator used to assess whether a stock is overbought or oversold. Typically, an RSI above 70 signals that a stock may be overbought, while an RSI below 30 indicates it may be oversold. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
08-07-2025
- Business
- Economic Times
Morgan Stanley initiates coverage on The Leela shares with ‘overweight' rating, Rs 549 target; stock up 5%
Driven by a 'higher-for-longer' upcycle in the luxury hospitality segment, global brokerage firm Morgan Stanley initiated coverage on Schloss Bangalore, the company that owns and operates luxury hotels under the 'The Leela' brand, with an 'Overweight' rating and a target price of Rs 549. ADVERTISEMENT The target implies an upside potential of 35% from the stock's closing price on Monday. Following this, the shares of the company rose 5% to hit an intraday high of Rs 427.20 on the BSE. Morgan Stanley's positive view is underpinned by a 'higher-for-longer' upcycle in the luxury hospitality segment, strong demand for premium travel experiences, and the company's attractive brokerage also cited Schloss Bangalore's low net debt position and steady execution as key drivers for potential re-rating, while flagging concentration risk as a key factor to to the brokerage's note, Schloss Bangalore is one of the few listed pure-play luxury hotel operators in India, with a portfolio of iconic heritage-style hotels infused with modern architecture. ADVERTISEMENT The company owns five operational properties, which account for 93% of its revenue, and has international awards and industry-leading revenue per available room (RevPAR) and EBITDA margins to its credit. Morgan Stanley highlighted that these operational metrics reflect the premium positioning of the brand in India's luxury hospitality segment. ADVERTISEMENT The report also noted that demand for luxury hotels in India remains robust, even as incremental supply additions are moderate due to high capital expenditure requirements. Also read: Jane Street probe: Sebi chief Tuhin Kanta Pandey rules out weekly expiry ban, signals tighter derivatives watch ADVERTISEMENT This demand-supply mismatch supports a sustained uptrend in RevPAR. The brokerage expects annual EBITDA growth of 12% through FY27, driven by rising room rates and healthy occupancy levels. Net income is expected to grow ninefold, supported by limited increase in interest Stanley also stated that the company is nearly net-debt-free, with sufficient free cash flows to fund its upcoming capital expenditure cycle. Schloss Bangalore plans to open five new hotels comprising 475 rooms, including one under a joint venture, with all properties expected to be operational by for asset revaluation and promoter recapitalization, Morgan Stanley estimates the company's return on capital employed (ROCE) at around 10% by FY25, up from a reported 7.3%. ADVERTISEMENT In terms of valuation, the brokerage sees room for further upside. The stock currently trades at 18.5x EV/EBITDA on FY27 estimates, compared to an average of 29x for listed luxury hotel peers such as IHCL and owners of asset-light models like Chalet and Juniper, which trade at around 20x. In its base case, Morgan Stanley applies a 25x multiple to Schloss's FY27 EBITDA, with a bull case multiple of 30x, aligned with IHCL's valuation, suggesting a potential brokerage, however, flagged that over 70% of the company's revenue is concentrated in its top three properties, indicating a notable concentration risk. Additionally, a sharp cyclical downturn in luxury demand could pressure margins, given the company's high fixed cost and capital-intensive noon today, the shares of Schloss Bangalore were trading 4.12% higher at Rs 423.40 on the BSE. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Yahoo
05-05-2025
- Yahoo
POLICE NEWS: Fire departments respond to motel fire in Goshen
A fire at a motel resulted in many emergency departments rushing to the south side of Goshen late Saturday night. Goshen police reported that the fire was called in at 10:48 p.m. Saturday at the Super 8 Motel, 2628 Lincolnway East. Occupants were evacuated and the departments were able to locate and extinguish the fire without injuries in just a few minutes. All 18 rooms with occupants were moved to other hotels. According to Goshen Fire Investigator Scott Thomas, the fire appeared to have originated at an exterior high voltage electrical box and was mostly contained to the outside of the building. Mutual aid was provided by Millersburg-Clinton, Jackson, Concord and Benton fire departments. South Bend woman hospitalized, arrested in Elkhart County crash A woman was arrested after she flipped her vehicle while reportedly under the influence early Sunday morning. Elkhart County deputies reported that at 2:08 a.m. Sunday, Aureliano Medina Pereira, 36, of South Bend, was traveling west on U.S. 20 west of C.R. 11 in a 2024 Toyota RAV4 when she made an unsafe lane movement and went right of the fog line and impacted the guard rail in a construction zone, flipping her vehicle onto its top. Medina Pereira was transported to Elkhart General Hospital for chest pain, and arrested on a charge of operating a vehicle while intoxicated. HIT-AND-RUN • A 61-year-old woman reported to Goshen police at 11:46 a.m. Friday her vehicle was struck by another vehicle at an unknown location. • A 45-year-old woman reported to Goshen police at 3:54 p.m. Friday, someone hit her vehicle in the parking lot of Chalet Party Shop, 2703 Caragana Court. ARRESTS • A 26-year-old woman was arrested and jailed by Elkhart County deputies at 7:03 p.m. Friday on charges of operating a vehicle while intoxicated, possession of cocaine after and driving without insurance after she drove off the roadway on C.R. 7 north of C.R. 26 and struck a speed limit sign. • A 39-year-old woman was arrested and jailed by Goshen police at 1:29 p.m. Friday on charges of possession of meth, a legend drug and paraphernalia after she was stopped for an infraction in the 200 block of Chicago Avenue. • A 27-year-old man was arrested and jailed by Goshen police at 4:27 p.m. Friday on charges of possession of a false ID and driving without a license following a traffic stop near Lincolnway East and Madison Street. • A 46-year-old man was arrested and jailed by Goshen police at 4:52 p.m. Friday on a charge of possession of a controlled substance after police were called to the 1600 block of Wilden Avenue for a possible burglary and instead found him there with an active warrant out of St. Joseph County. The man was taken into custody and transported to St. Joseph County, where he was transferred into the custody of a St. Joseph County deputy. • A 15-year-old boy was arrested by Goshen police at 8:03 p.m. Friday at on charges of resisting law enforcement and disorderly conduct in the 100 block of North Main Street after police were called to the area for a fight. The juvenile was released to his guardian. • A 40-year-old man was arrested and jailed by Goshen police at 12:09 a.m. Saturday on charges of possession of cocaine and operating a vehicle while intoxicated after he was stopped near Elkhart Road and Midway Road for moving violations. • A 28-year-old woman was arrested and jailed by Goshen police at 3:17 a.m. Saturday on a charge of operating a vehicle while intoxicated after she was stopped by police near South Third Street and West Lincoln Avenue for an equipment violation. • A 31-year-old man was arrested and jailed by Goshen police at 2:15 a.m. Saturday on a charge of operating a vehicle while intoxicated endangerment after he was stopped for a moving violation near Elkhart Road and Midway Road. • A 57-year-old woman was arrested and jailed by Goshen police at 8:24 a.m. Saturday on charges of intimidation, possession of marijuana and paraphernalia, disorderly conduct, public nudity, resisting law enforcement and malicious mischief after police were called to the area of Everwise Credit Union for a woman reportedly urinating on the sidewalk. • A 69-year-old man was arrested and jailed by Goshen police at 10:51 p.m. Saturday on a charge of operating a vehicle while intoxicated endangerment after he was stopped for moving violations near C.R. 15 and C.R. 28. • A 22-year-old man was arrested and jailed by Goshen police at 1:16 a.m. Sunday on charges of operating a vehicle while intoxicated and possession of marijuana following a vehicle crash near Goshen High School on Lincolnway East. • An 18-year-old man was arrested and jailed by Goshen police at 6:30 a.m. Sunday on charges of operating a vehicle while intoxicated and illegal consumption of an alcoholic beverage as a minor after police were called to the 14000 block of C.R. 38 for a vehicle in a ditch. RESIDENTIAL ENTRY A 34-year-old man reported to Goshen police at 11:34 a.m. Saturday two women walking into his unlocked and open house in the 400 block of East Lincoln Avenue without his permission. CRIMINAL MISCHIEF Goshen police were called to Snyder's Men's Shop, 126 S. Main St., for a burglary alarm at 3:28 a.m. Saturday. Upon arriving on scene, officers observed damage to the front window of the business. EMBEZZLEMENT Goshen police arrested a 17-year-old Meijer employee at 8:48 p.m. April 30 for a series of thefts the store, 4522 Elkhart Road, claims he committed. He was arrested and released into the custody of his guardian, with charges sent to the prosecutor for review. THEFT Goshen police were called to the 400 block of Queen Street at 6:27 p.m. Thursday for a theft from a vehicle during the early morning hours. FRAUD • Novedades Hernandez, 633 S Main St., reported to Goshen police at 1:33 p.m. Friday receiving fraudulent checks. • A 34-year-old man reported to Goshen police at 1:08 p.m. Friday an identity deception in Goshen. • A 73-year-old woman reported to Goshen police at 3:15 p.m. Saturday fraudulent activity. • A 72-year-old man reported to Goshen police at 6:05 p.m. Saturday being the victim of tax fraud.
Yahoo
20-02-2025
- Health
- Yahoo
Frozen Chicken Products Recalled Across Canada—Here's What to Know
There's an active recall on frozen chicken nuggets sold across Canada, according to the Canadian Food Inspection Agency. This is due to bone fragments found in the product. The Swiss Chalet brand chicken breast nuggets were sold in 700-gram boxes with a printed UPC of '066701011479' and best-by dates of September 7, 2025, or September 26, 2025. The nuggets are in the shapes of moons, stars and planets. This recall follows multiple customer complaints of injury after consuming the product due to pieces of bone in the nuggets. Check your freezer, and if you have these nuggets on hand, dispose of them or return them to your place of purchase for a refund. Contact your doctor if you have experienced any injury or illness after eating this recalled chicken product. For more information on this recall, contact the CFIA toll-free at 1-800-442-2342 or email information@ Related: Trader Joe's Just Recalled a Popular Frozen Item Due to Contamination—Here's What to Know Read the original article on EATINGWELL
