Ventive Hospitality to acquire stake in Hilton Goa resort owner Soham

Core Insights - Ventive Hospitality, a joint venture between Blackstone Group and Panchshil Realty, plans to acquire a 76% stake in Soham Leisure Ventures, owner of Hilton Goa Resort, with an enterprise value of approximately Rs3.2bn ($36.1m) [1][2] - This acquisition marks Ventive's first investment in India's leisure hospitality sector and expands its collaboration with Hilton [1][3] Financial Details - The joint venture will make an initial cash payment of Rs1.2bn for the resort, which includes an adjoining four-acre land parcel for branded villa development, estimated to have a gross sale value of over Rs1bn [2] - The Hilton Goa Resort recorded an average daily rate (ADR) of Rs11,873 and maintained a 76% occupancy rate during the 2025 financial year [3] Strategic Plans - Ventive intends to refurbish the existing resort, add 60 to 65 new rooms, and introduce a spa and new food and beverage options, aiming to enhance the resort's status as a marquee leisure destination [4] - The transaction aligns with Ventive's strategy to double its room portfolio to approximately 4,000 over five years [4] Current Portfolio - The joint venture currently manages 11 hospitality assets across business and leisure segments, totaling 2,036 rooms, with properties managed by international brands including Marriott, Hilton, Minor, and Atmosphere [5] - In July, Ventive signed a multi-property agreement with Marriott International to develop seven new hotels in India and Sri Lanka [5]