- RERA approves Rajasthan resort.
- It follows a sale-and-leaseback model.
- Resort to span 10.5 acres.
The project follows Fine Acers’ sale-and-leaseback model, under which eligible units are sold to individual owners and leased back for professional hotel operations. It combines property ownership with hotel management and is India’s first RERA-approved resort development.
The development spans about 10.5 acres and will include a spa and wellness center, restaurants, leisure facilities and spaces for meetings, banquets and events, Fine Acers said in a statement.
"We believe that investors today are looking beyond conventional real estate and are increasingly interested in assets that combine ownership, professional management and a strong lifestyle proposition,” said Dinesh Yadav, Fine Acers founder and managing director. “Our focus is to create assets that have long-term relevance for both the hospitality ecosystem and the owners associated with them.”
Fine Acers’ pipeline includes projects in Jaipur, Pushkar, Goa, Udaipur, Jawai, Coorg and Sakleshpur, covering different hospitality formats and brands. In August, the company opened offices in Delhi-NCR and Ahmedabad and expanded into London to serve NRI investors in the U.K. and Europe. The expanded presence is expected to generate an additional $13.05 million in revenue over the next year, the statement said.
In February, Fine Acers signed agreements with Wyndham Hotels & Resorts to bring the Dolce by Wyndham brand to Goa and Udaipur.
