Fine Acers Aims to Reach INR 5000 Crore in Asset Under Management
Delhi / Jaipur November 21, 2024: Fine Acers, a leader in luxury resort investment, has announced that the company is targeting assets under management worth INR 5000 crore. The company presently has INR 2500 crore asset under management and has a huge investor base which comprises of MNCs and large Indian corporate employees across country.
Fine Acers, a leader in Branded Residences and Resorts which uses the innovative Sales Lease Back Model has properties coming up in Jawai, Udaipur, Jaipur & Pushkar in Rajasthan, Coorg in Karnataka and Al Jaddaf Waterfront Dubai. The company has signed a $70 million deal with Wyndham Hotels & Resorts to develop four new hotels—one in Dubai and three in India—under the Trademark Collection by Wyndham.
Fine Acers also signed an MoU with the Rajasthan Government for development of The Resort Udaipur, a high-end property spanning approximately 50 acres (82 Bigha) and featuring 250 rooms. The project aims for completion by 2027-2028, blending the cultural richness of Rajasthan with sustainable, world-class design.
“We are excited with the response from the investors for our investment product considering, Branded Residences and Resorts is a recent investment phenomenon in the country. We being the category leaders with 1200 keys (rooms) at various stages of construction is huge pull for the investors. Our first phase of 62 rooms will be launched in next six months in Pushkar. The overall keys in Pushkar stand at 112, the next phase will be launched by end of next year,” said Mr. Dinesh Yadav, Managing Director at Fine Acers.
“Our present projects are expected to be delivered by 2028. The construction is in full swing at all our seven properties at various locations across globe. Fine Acers projects are creating a niche and new investment opportunity for the new age investors, who understand the importance of balancing life with work and leisure,” he said.
“We have grown in leaps and bounds with our unique sale-lease-back model for our properties. We are offering 7% return on our properties from the beginning of investment which can increase post our properties start making profits. We also offer complimentary stays at any of our properties globally and destination weddings are a huge hit with our investors,” he further added.
With a growing portfolio of luxury resorts, Fine Acers is dedicated to merging cultural heritage with exceptional comfort and supporting regional economies wherever it operates. Through The Resort Udaipur, Fine Acers reaffirms its commitment to driving sustainable development while delivering unmatched luxury experiences.