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An announcement from Ventive Hospitality Limited ( (IN:VENTIVE) ) is now available.
Ventive Hospitality Limited announced its proposal to acquire a 76% stake in Soham Leisure Ventures Pvt. Ltd., the owner of Hilton Goa Resort, marking its entry into the Goa leisure hospitality market. This acquisition, valued at approximately INR 320 crore, aligns with Ventive’s strategy to double its room portfolio and enhance its cash flow through villa sales. The company plans to refurbish the existing resort and expand its facilities, positioning Hilton Goa as a high-end upper-upscale resort, which is expected to drive growth in ADR, EBITDA, and ROCE.
More about Ventive Hospitality Limited
Ventive Hospitality Limited operates in the hospitality industry, focusing on expanding its room portfolio and engaging in value-accretive capital allocation. The company is known for its strategic investments in leisure hospitality, aiming to enhance its market presence and financial performance.
Average Trading Volume: 29,969
Technical Sentiment Signal: Strong Buy
Learn more about VENTIVE stock on TipRanks’ Stock Analysis page.