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Vikram Puri acquires hotel in Goa for ₹60 crore

Hotelier Vikram Puri has acquired an all-suite hotel in Goa from Sun Estates for about ₹60 crore, according to two people with knowledge of the transaction. The property is located in Candolim, with suites sized 485 square feet onwards.

Vikram Puri, the MD of Archer Hospitality, the proprietor of The Astor Kolkata, is set to expand the Astor brand, after more than two decades of overseeing a single hotel property. “We are now ready to expand the Astor brand. Since the Kolkata hotel is a heritage property, the Goa hotel has to be unique. We plan to open more such properties,” said the scion of HCL co-founder DS Puri, without revealing the financial details of the transaction.

Suraj Morajkar, MD of Sun Estates, said the company was constructing the hotel when they were approached by Puri and decided to sell it. “It was a boutique property, and we decided to exit it after getting the right offer,” he said.

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