Himalia Prime Assets Acquires Bengaluru Eco Resort
ECONOMY & POLICY

Himalia Prime Assets Acquires Bengaluru Eco Resort

Himalia Prime Assets has acquired a 4.65-acre eco resort near Bengaluru for Rs 250 mn and will add the property to its growing hospitality portfolio. The purchase covers the Our Native Village Eco Resort and encompasses both developed facilities and surrounding land earmarked for guest experiences. The transaction value was disclosed as Rs 250 mn. The acquisition aligns with the company's ongoing expansion in leisure hospitality markets.

The resort currently operates with 24 keys situated on three acres, with an additional one point six five acres available for future expansion. The buyer acquired the operational inventory and the adjoining land as part of the single transaction. The extra land will support the planned increase in inventory and new guest amenities without affecting the existing eco character. The site is positioned to serve leisure and wellness guests visiting the Bengaluru region.

Over the next two years, Himalia Prime Assets plans to invest at least Rs 250 million more to upgrade facilities and enhance operational capabilities, with the stated aim of increasing inventory from 24 to 40 keys. The company has entered a management partnership with Niraamaya Life, a luxury wellness brand, to oversee day-to-day operations at the property. Planned upgrades will cover accommodation refurbishments, dining and wellness facilities as well as operational systems to support higher occupancy. The investment is intended to improve guest experience and expand the resort's service offering.

Himalia Prime Assets is an asset development and management platform backed by private equity firm Jupiter Capital, and its hospitality arm now comprises three resort properties. The portfolio also includes a 31-key resort in Kovalam and a 27-key resort in Kumarakom in Kerala. The deal will allow the operator to leverage shared services and marketing across the three resorts. The acquisition and future upgrade plans were reported by PTI.

Himalia Prime Assets has acquired a 4.65-acre eco resort near Bengaluru for Rs 250 mn and will add the property to its growing hospitality portfolio. The purchase covers the Our Native Village Eco Resort and encompasses both developed facilities and surrounding land earmarked for guest experiences. The transaction value was disclosed as Rs 250 mn. The acquisition aligns with the company's ongoing expansion in leisure hospitality markets. The resort currently operates with 24 keys situated on three acres, with an additional one point six five acres available for future expansion. The buyer acquired the operational inventory and the adjoining land as part of the single transaction. The extra land will support the planned increase in inventory and new guest amenities without affecting the existing eco character. The site is positioned to serve leisure and wellness guests visiting the Bengaluru region. Over the next two years, Himalia Prime Assets plans to invest at least Rs 250 million more to upgrade facilities and enhance operational capabilities, with the stated aim of increasing inventory from 24 to 40 keys. The company has entered a management partnership with Niraamaya Life, a luxury wellness brand, to oversee day-to-day operations at the property. Planned upgrades will cover accommodation refurbishments, dining and wellness facilities as well as operational systems to support higher occupancy. The investment is intended to improve guest experience and expand the resort's service offering. Himalia Prime Assets is an asset development and management platform backed by private equity firm Jupiter Capital, and its hospitality arm now comprises three resort properties. The portfolio also includes a 31-key resort in Kovalam and a 27-key resort in Kumarakom in Kerala. The deal will allow the operator to leverage shared services and marketing across the three resorts. The acquisition and future upgrade plans were reported by PTI.

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