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of <h1>Investor to acquire 76% of holding company of 104-key Goa resort and land for ~INR 320 crore EV</h1> An Indian listed hotel owner proposes to acquire a 76% stake in the holding company of a 104-key Goa resort and adjacent land for an enterprise value of ~INR 320 crore, with an initial cash outlay of INR 120 crore. The deal secures an operational resort (ADR INR 11,873 at 76% occupancy in FY25), development potential for 60-65 additional keys, and a 4-acre parcel earmarked for branded villas (estimated gross sale value >INR 100 crore). The acquirer plans refurbishment, room additions, new F&B and spa facilities, refinancing to reduce debt costs and improve leverage, and expects a ~13% yield on capital based on FY25 EBITDA, marking its entry into Goa's leisure market and deeper brand affiliation.
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