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Ventive Hospitality Limited announced its plan to acquire a 76% stake in Soham Leisure Ventures Pvt. Ltd., which owns the 104-key Hilton Goa Resort and an adjacent land parcel. The deal, valued at approximately INR 320 crore, includes an initial cash outlay of INR 120 crore. Ventive intends to refurbish the resort, add 60-65 new rooms, introduce a spa and new dining concepts, and develop branded villas on the land parcel with an estimated gross sale value of over INR 100 crore. This marks Ventive's first entry into India's leisure hospitality market, expanding its partnership with Hilton and supporting its goal of doubling its room portfolio over five years.
Ventive Hospitality Limited (BSE: 544321, NSE: VENTIVE) announced plans to acquire a 76% stake in Soham Leisure Ventures Pvt. Ltd., which operates the 104-key Hilton Goa Resort and owns a 4-acre land parcel in Goa. The enterprise value of the transaction is estimated at around INR 320 crore, with an initial cash outflow of INR 120 crore. Advertisement
The Hilton Goa Resort, situated in North Goa with panoramic riverfront views, achieved an average daily rate (ADR) of INR 11,873 at 76% occupancy in FY25. Ventive plans to refurbish the existing resort, expand it with an additional 60-65 rooms, add a spa, and introduce new food and beverage offerings. These changes aim to reposition the property as an upper-upscale lifestyle resort, increasing revenue per room, EBITDA, and overall returns, while enhancing the experience for both existing and new leisure guests.
The 4-acre land parcel will be used for developing branded villas, with potential gross sales estimated at over INR 100 crore. The proceeds from these sales are expected to strengthen Ventive's cash flow further. The acquisition also allows Ventive to refinance part of its existing debt at lower interest rates, improving leverage and capital efficiency.
Ventive's entry into the leisure market in Goa aligns with its growth strategy to double its portfolio to approximately 4,000 keys over the next five years. The company currently operates 11 luxury and upper-upscale hospitality assets across India and the Maldives, totaling 2,036 rooms, managed by global brands including Marriott, Hilton, Minor, and Atmosphere.
Atul Chordia, Chairman and Executive Director of Ventive Hospitality, noted that the Hilton Goa Resort acquisition marks a key step in entering the leisure segment and diversifying the company's portfolio while maintaining capital discipline. CEO Ranjit Batra highlighted that the acquisition reflects Ventive's strategy of selective expansion into markets with high entry barriers and strong long-term demand.
Hilton Goa Resort, located on Saipem Hills in Candolim, North Goa, features multiple pools, extensive event spaces of 16,500 sq. ft., signature dining options, a kids' club, fitness facilities, and wellness services. The property benefits from strong domestic and international leisure demand due to its location near North Goa's entertainment hubs.
Ventive Hospitality, jointly promoted by Panchshil Realty and Blackstone Group, reported consolidated revenue of INR 2,159 crore and EBITDA of INR 1,012 crore on a proforma basis in FY25. The company also completed its IPO in December 2024 and is listed on the BSE and NSE.
Source PTI
5th Jun, 2025
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