Rosetta Invests ₹600 Crore Towards Leisure Market Push

BENGALURU-headquartered Rosetta Resorts & Holiday Homes has committed an outlay of Rs 600 crore over the next four years to solidify its presence in India's leisure hospitality market.

- HRITHIK KIRAN BAGADE @ Bengaluru

The company currently owns and operates resorts in Sakleshpur and Goa, with plans to expand both properties.

Rosetta launched its first resort in Sakleshpur in 2021, a 126-key property set within a coffee plantation it owns. "The company is now constructing 100 self-sustained, 3 & 4-bedroom holiday homes within the same resort, which will be sold to customers, who will then have the option to lease them back to Rosetta, thereby expanding inventory without incurring additional capex. In South Goa, Rosetta owns a 75-key resort in Varca, which has been operational for a year. This property is being expanded by a further 68 1-bedroom suites at an outlay of Rs 100 crore, and is expected to be operational two years from now. On completion, there will be 143 keys here," Rosetta CMD Errol Fernandes told TNIE.