Rosetta Hospitality lines up ₹650 cr for Sakleshpur, Goa, Kallepura expansion

Rosetta Hospitality is committing nearly ₹650 crore to its next phase of expansion, as the leisure company seeks to build premium resorts within driving distance of India’s major metros and unlock capital through a resort-plus-residences model.

Rosetta’s Sakleshpur property generated around ₹55 crore in revenue with a 50 per cent gross operating profit (GOP) margin, while its Goa property, Elements by Rosetta, generated ₹24 crore with a 42 per cent GOP margin, Joint MD, and CEO Jai Sreedhar said.

The company, which currently operates properties in Sakleshpur and Goa, plans to deploy the committed capital across expansions at its existing resorts and its upcoming Kallepura property in Chikkballapura. Of the ₹650-crore commitment, around ₹500 crore will come through promoter contribution and internal approvals, while about ₹150 crore will be funded through debt, Sreedhar said.

At Sakleshpur, Rosetta is adding 30 villas, translating into about 90 rooms, alongside a 20,000 sq ft convention centre. The company has a 120-acre land parcel at the property, of which around 40 acres has been developed.

In Goa, Phase II will add 65 suites and a convention centre. Meanwhile, the scope of the upcoming Kallepura resort has expanded sharply, from an initial 80 rooms to around 138-139 rooms.

Additionally, Sreedhar said the company is looking at large land parcels of 80-100 acres in locations within driving distance of metros, including opportunities around Mahabalipuram, Hyderabad and the Nilgiris.

Corporate conferencing has emerged as Rosetta’s biggest segment after leisure, accounting for nearly 100 days of the year, while destination weddings are its second-largest contributor. The company is also betting on premiumisation in domestic travel, with consumers increasingly choosing premium domestic experiences.

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