Cidade De Goa is a 5 star luxury resort owned by Fomento Resorts & Hotels ( owned by the Tiblo family ) is aptly called "Goa in a resort ). I have been there multiple times and it is a great property on the Vainguinim beach in Dona Paula. Dona Paula is the “posh area” of Goa and is very near the commercial capital of Goa - Panjim. The hotel has a lot of history attached to it ( it was designed by Charles Correa the architect of Navi Mumbai) going back to the time goa was under Portuguese rule but since its unrelated to the main business i wont get into it. In March 2016 the Supreme court dismissed a case against Fomento and upheld the validity of the construction of 54 rooms that was supposed to be irregular.
Coming back, the resort consists of 207 rooms and lies bang on the banks of the vainguinim beach. A part of the resort falls under the CRZ II zone ( http://www.cidadedegoa.com/downloads/MOEF-clearance.pdf) which requires not only environmental clearances but also coastal regulation clearances after you have purchased the beach facing land ( which fomento procured sometime in the 1980’s ). In short, it is next to impossible replicate a resort like cidade de goa in the heat of goa ( even if you have a great liasoning team procuring land is near impossible and even if you find one the costs are prohibitive ). This creates an unassailable moat.
Cidade has the environmental clearances and the CRZ clearances and the land not only for the the current resort but also Cidade 2 ( 300 rooms) thats being constructed there and a 5 star 32 room resort in Aravli Sindhudurg ( the land is on a 90 yr lease from MTDC agreement signed in 2005). However, the main business is on Vainguinim beach.
To be sure its not the only one with access to vainguinim beach. There are some hotels within hailing distance of the beach but Cidade is the largest one in that area by far and the kind of customers it attracts dont mind paying northwards of 12k per night. Its ARR is twice that of its nearest competitor. While others charge between 4k to 6k Cidade charges 12k+. Another non replicable advantage is size. Its a property that will eventually have 507 rooms ( 207 + 300 ) which makes it especially suitable for hosting weddings and other destination events which is one of the main revenue pullers judging by its AR.
and of course its Goa. You cant replicate Goa can you now
I’ll keep the thread running with more info on the financial numbers and other tourism statistics.