Ventive Plans Big Expansion With Hilton Goa Acquisition

Ventive Hospitality Limited has made plans to buy a 76 percent interest in Soham Leisure Ventures Pvt. Ltd., the owner of Hilton Goa Resort in Candolim, for an enterprise value of around Rs.320 crore.

The acquisition represents Ventive's foray into India's most dynamic leisure hospitality segment and enhances its long-term alliance with Hilton.

The transaction gives Ventive instant scale with 104 operational keys at the Hilton Goa Resort and incremental opportunity to add 60–65 rooms, a full-service spa, and updated food-and-beverage offerings.

The transaction also involves a four-acre land parcel for branded villas with an estimated gross sales potential in excess of Rs.100 crore. 

Key highlights:

• Ventive Hospitality to acquire a 76 percent stake in Soham Leisure Ventures Pvt. Ltd., owner of Hilton Goa Resort, for about Rs.320 crore
• The deal adds 104 operational keys with scope for 60–65 more rooms, a full-service spa, refreshed F&B, and a four-acre plot for branded villas worth over Rs.100 crore
• Ventive will invest Rs.120 crore upfront, refinance existing debt at lower rates, and target a 13 percent yield on capital, aligning with its five-year plan to double room supply

Ventive will utilize an initial upfront investment of Rs.120 crore to acquire an asset that has stable operating cash flows while providing development-driven potential. "The acquisition of the Hilton Goa Resort is a milestone for Ventive, representing our entry into the leisure segment in Goa," stated Atul Chordia, Chairman and Executive Director of Ventive Hospitality Ltd. "This transaction signifies our focus on creating a diversified portfolio in the business and leisure segments while being capital disciplined."

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The deal is in line with Ventive's five-year strategy of doubling room supply, said CEO Ranjit Batra. "With new room additions and planned refurbishments, the Hilton Goa Resort will become a marquee recreation destination," he added.

Ventive estimates the deal, which also re-funds existing debt at a lower rate of interest, will return an attractive 13 percent yield on capital invested on FY25 EBITDA.