Ventive Hospitality Limited announced today its plan to enter into definitive agreements to acquire a 76% stake in Soham Leisure Ventures Pvt. Ltd. (Soham), which owns the 104-key Hilton Goa Resort and an adjacent land parcel in Goa. Aligned with Ventive’s strategy to double its room portfolio and pursue value-accretive capital allocation, this transaction—valued at approximately INR 320 crore—marks a significant milestone for the company.

With an initial cash investment of INR 120 crore, Ventive Hospitality will secure the operational 104-key resort, which has potential for an additional 60–65 rooms on the existing site, along with a 4-acre land parcel designated for branded villas, estimated to generate over INR 100 crore in gross sales. Revenue from villa sales will further enhance the company’s cash flows.

This acquisition represents Ventive’s first entry into India’s expanding leisure hospitality sector while strengthening its partnership with Hilton. Set against a panoramic riverfront and offering vibrant F&B experiences in Goa, the Hilton Goa Resort is transforming into an upper-upscale lifestyle property with spacious 55 sq.m rooms. In FY25, the resort recorded an ADR of INR 11,873 with 76% occupancy.

Ventive plans to refurbish the existing resort and expand it with 60–65 additional rooms, a spa, and new F&B concepts. The repositioning aims to establish Hilton Goa as a high-end upper-upscale resort, enhancing ADR, EBITDA, and ROCE, while offering a modernized experience that appeals both to loyal guests and a new generation of leisure and lifestyle travelers in North and Central Goa.

The acquisition significantly enhances Ventive’s portfolio by adding a flagship leisure resort in one of India’s premier destinations, and moreover, it creates opportunities to leverage the local expertise of Sun Estates Developers for future hospitality projects and branded residences in Goa. Additionally, Ventive will refurbish the Hilton Goa Resort’s 104 existing keys and add 60–65 new rooms, aiming to drive higher ROCE. Furthermore, the inclusion of the 4-acre land parcel provides long-term potential for branded villa development, with estimated sales of around INR 100 crore.

The transaction structure also allows Ventive to refinance a significant portion of its existing debt at a lower interest rate, strengthening the company’s balance sheet and improving leverage. At the time of deal closure, the initial investment of approximately INR 110 crore (excluding the land in Goa) is expected to deliver a 13% yield on capital based on trailing FY25 EBITDA. This move aligns with Ventive’s growth strategy to double its portfolio to roughly 4,000 keys over the next five years, marking a strategic entry into India’s rapidly expanding leisure hospitality segment, driven by rising disposable incomes and favorable demographic trends.

Atul Chordia, Chairman and Executive Director of Ventive Hospitality Ltd, said: “The Hilton Goa Resort acquisition is a landmark for Ventive, marking our foray into the leisure market in Goa. This move reinforces our commitment to building a diversified portfolio across business and leisure segments while maintaining capital discipline.”

Ranjit Batra, CEO of Ventive Hospitality Ltd, added: “We are delighted to expand our partnership with Hilton through this resort in North Goa. With refurbishment, new room additions, the Hilton Goa Resort will become a marquee leisure destination. This acquisition reflects our strategy of selective expansion into high-barrier-to-entry markets with strong long-term demand.”

Situated on Saipem Hills in Candolim, North Goa, Hilton Goa Resort is a 104-key luxury property featuring panoramic views, multiple swimming pools, signature F&B concepts, and 16,500 sq. ft. of event space. The resort also offers a range of leisure amenities, including a kids’ club, fitness center, and wellness facilities. Its prime location provides easy access to North Goa’s entertainment hubs and attracts strong domestic and international leisure demand.