Shivratna forays into hospitality with beach resort

Real estate player—Shivratna Group ventured in hospitality business with its’ first project Ratnasagar Beach Resort, which is an eco-friendly maiden hospitality venture located on Bhatye beach, Ratnagiri.

With an investment of close to Rs 10 crore, this property is spread across 3 km on the beach side with more than 30 log houses. “We have recycled all by-products left after construction of the property and have thus generated near to zero waste. Currently it is a 30 room property which we will extend to 60 rooms and will make it a five star deluxe property. We have more such plans in the future including the launch of a chain of restaurants across Maharashtra and a five star hotel in Kolhapur,” Goutam Dasgupta, group GM, Shivratna Group told Business Standard.

 

Shivratna Group has ambitious plans to open five more beach resorts in Konkan and  Goa by 2013 with an investment of more than Rs 70 crore. The 5-star business hotel in Kolhapur will be a 80-100 room property on which work will begin post monsoon this year.

The restaurant chain coming from Shivratna Group’s stable will be introduced initially in Pune with two outlets serving continental cuisine and this chain will slowly expand to whole of Maharashtra and then later nationally.

The Ratnasagar Beach Resort opened in December 2009 with a current occupancy of 60 per cent. “We target to take it to 90 per cent by next financial year,” added Goutam.

Shivratna Group was founded in 1984 and has operations in different sectors like poultry, auto, petroleum, fabrics and agro-products.