Ventive Hospitality to Acquire 76% Stake in Hilton Goa Resort Owner

Ventive Hospitality Limited has announced its intention to enter into definitive agreements to acquire a 76% stake in Soham Leisure Ventures Pvt. Ltd. Soham owns the operational 104-key Hilton Goa Resort and a land parcel in Goa. This acquisition aligns with Ventive’s strategy to double its room portfolio and pursue value-accretive capital allocation.

The transaction, with an enterprise value of approximately INR 320 crore, marks a significant milestone for the company. The initial cash outlay of INR 120 crore will secure the operational resort, which has development potential for an additional 60–65 keys on the existing site, along with a 4-acre land parcel in Goa designated for branded villas with an estimated gross sale value exceeding INR 100 crore. The proceeds from villa sales are anticipated to enhance the company’s cash flows.

This acquisition represents Ventive’s inaugural entry into India’s expanding leisure hospitality market and strengthens its partnership with Hilton. The Hilton Goa Resort, situated in a scenic riverfront location and known for its vibrant food and beverage offerings, is poised to transform into an upper-upscale lifestyle resort with spacious rooms averaging 55 sq.m. In FY25, the resort recorded an average daily rate (ADR) of INR 11,873 at a 76% occupancy rate.

Ventive plans to refurbish the existing resort while adding 60–65 new rooms, a spa, and innovative food and beverage concepts. This repositioning aims to establish Hilton Goa as a premium upper-upscale resort, enhancing ADR, EBITDA, and return on capital employed (ROCE), while delivering a modern experience that attracts both loyal customers and a new generation of leisure and lifestyle travelers in the well-connected North and Central Goa markets.

Strategic Highlights include:

• Strengthening the portfolio by adding a flagship leisure resort in one of India’s premier destinations and leveraging local expertise from Sun Estates Developers for future hospitality projects and branded residences in
• Resort repositioning through the refurbishment of Hilton Goa Resort’s existing keys and the addition of new keys to drive higher
• Integration of the Goa land parcel for long-term branded villa development, with potential sales estimated at around INR 100
• A balance sheet reset, as the transaction structure refinances a significant portion of existing debt at a lower interest rate, improving leverage at the company
• Effective capital allocation, with an initial outflow of approximately INR 110 crore (excluding Goa land) delivering a 13% yield on capital (YoC) based on trailing FY25
• Alignment with growth vision, supporting Ventive’s goal of doubling its portfolio to approximately 4,000 keys over the next five years and marking a strategic entry into India’s rapidly growing leisure segment, driven by rising disposable incomes and favorable demographic

Leadership Commentary includes insights from Atul Chordia, Chairman and Executive Director of Ventive Hospitality Ltd, who stated that the acquisition of Hilton Goa Resort is a landmark move for Ventive, emphasizing the company’s commitment to building a diversified portfolio across business and leisure segments while maintaining capital discipline.

Ranjit Batra, CEO of Ventive Hospitality Ltd, expressed enthusiasm about expanding the partnership with Hilton through this resort in North Goa, highlighting the potential of the Hilton Goa Resort as a marquee leisure destination.