Goa Tourism Development Corporation (GTDC) has taken steps to upgrade the Mapusa Residency, one of its oldest properties, into a three-star hotel with 48 rooms. The redevelopment will be carried out on a design-build-finance-operate-transfer (DBFOT) basis, and bids have been invited from interested parties.
The successful bidder will be given 30 years to operate and maintain the property, with the option for a renewal period of an additional 30 years, as long as the concessionaire does not cause any default during the first term.
As of now, the Mapusa Residency is a G+1 structure with 48 rooms, a banquet hall, a conference hall, a parking area for 25 vehicles, a restaurant, and six shops. The concessionaire will have the responsibility of assessing the structural stability of the existing building and will have the option to demolish it if necessary, at their own cost.
The concessionaire is also free to design the hotel following local traditions, art, music, and ways of life, to showcase the local highlights.
The standard of services and amenities must meet the star category of the hotel, and the concessionaire must ensure that 80% of the employees are of Goan domicile. Keeping the entire project site and facilities clean is also the responsibility of the concessionaire.
In conclusion, the redevelopment of Mapusa Residency into a three-star hotel represents a great opportunity for businesses to invest in Goa’s tourism industry, while also showcasing the local traditions and customs. The responsibility of ensuring the project’s success rests with the concessionaire, who must adhere to the guidelines set by the GTDC to deliver a high-quality hotel experience to guests.