Ferns Estates buys luxe hotel in Goa for Rs 175 cr
Bengaluru's Ferns Estates has acquired a luxury hotel in Goa with plans to develop additional suites, aiming to capitalize on the high demand for such accommodations. The company secured a ₹150 crore project loan from Bajaj Finance for this expansion. With Goa being a popular tourism destination, the move is expected to enhance Ferns Estates' profitability. Additionally, the company plans to add about 1,000 keys to its resort portfolio over the next 3-5 years, targeting diverse locations to cater to a wide range of travelers.