Sun Estates Developers plans to invest Rs 1000 cr in hospitality projects in Goa
Sun Estates Developers has announced its foray into the hospitality sector with a grand vision for Goa. The company is planning to invest close to Rs 1000 crore to introduce a series of hospitality projects, aimed at elevating the tourism experience in one of India’s most sought-after destinations.
Building on the success of its recent ventures, including the acquisition by the Astor’s hotel, Sun Estates Developers is excited to unveil its latest project – the launch of 500 keys branded all-suite service apartments. This marks the beginning of a larger initiative, which will see the development of seven hotels, strategically located within North Goa, each boasting a minimum of 75 to 80 keys and situated within 800 to 900 meters from the beach.
Each hotel within this expansive project will feature an outsourced restaurant, spa, and gym, and will be operated by major branded hotel chains with extensive distribution networks. The service apartments, designed by internationally-renowned architects, will offer units ranging from 800 to 850 sqft, providing ample space and comfort for guests. These units will be available for purchase by individuals, with attractive rentals for 10 + 10 years, ensuring a steady stream of revenue for investors.
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In addition to the service apartments, Sun Estates Developers plans to introduce 10 boutique mansions, each offering 20 to 25 keys and personalized services. These boutique accommodations will be strategically located amidst the picturesque backdrop of Goa’s landscapes, including backwaters, ocean views, salt pans, and paddy fields.
Further expanding its portfolio, Sun Estates Developers aims to introduce 300 keys of
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