Fine Acers targets 5 new properties in next 3 years

Jaipur: The Pink City-headquartered Fine Acers Group, a rising player in India's luxury hospitality sector, is set to expand aggressively with five new properties planned across prime tourist destinations in the next three years. With existing resorts in Jaipur, Pushkar, and Goa, the company is now deepening its partnership with global hotel chains, particularly Wyndham Hotels & Resorts, to capture the growing demand for premium leisure and destination weddings.
Dinesh Yadav, founder and managing director of Fine Acers, said, "Currently, we have an operational inventory of 200 rooms spread across three properties. In the next three years, we will be adding 700 keys spanning across five properties located in tourist destinations like Jaipur, Jawai, Udaipur, Pushkar and Coorg." However, the group is developing seven properties with a capacity of 1,500 room inventory for which it has entered into franchise agreements with global brands. As part of this expansion, Fine Acers recently announced the signing of two Dolce by Wyndham resorts in Goa and Udaipur, marking the brand's debut in India. Scheduled to open in 2030, these projects underscore Wyndham's upscale push in India and Fine Acers' strategy of building iconic assets in high-demand destinations. Beyond its development pipeline, Fine Acers has carved a niche with its sale-and-leaseback investment model, which allows investors to participate directly in the hospitality sector. Under this structure, the company sells about 70% of the property inventory to investors, leases it back, offering them annual returns of around 7%. "Investors also enjoy lifestyle privileges such as 25 complimentary nights a year and one wedding event," said Yadav. He said the model has gained traction among high-net-worth individuals (HNIs) and non-resident Indians (NRIs), who view it as a lucrative opportunity to enter the fast-growing hospitality industry without the operational complexities of hotel management. "With India's tourism and hospitality sector projected to reach $60 billion by 2028, the combination of steady returns and lifestyle benefits is proving attractive to investors seeking both financial and experiential value," added Yadav. He said, "Our collaboration with Wyndham reflects confidence in premium leisure and wedding markets and reinforces our commitment to developing iconic assets."Get the latest lifestyle updates on Times of India, along with Holi wishes, messages and quotes !