JSA Advocates and Solicitors advised Derive Trading and Resorts Private Limited in the INR 100 Crore acquisition of a nearly completed 130-key upscale hotel property from Harinath Builders and Developers Private Limited.
Strategically located along the Udupi–Manipal Highway, the hotel spans a super built-up area of approximately 17,475 square feet. Once operational, it is poised to significantly enhance the hospitality landscape of the Udupi region, catering to both business and leisure travellers.
The JSA transaction team was led by Partner Gerald Manoharan, with support from Partner Manuel Jose and Senior Associate Harshita Agarwal.
Gerald (Jerry) has over 20 years of experience as a corporate commercial lawyer and has worked with several clients on diverse matters, including investments, corporate advisory, restructuring, mergers and acquisitions, contracting, dispute advisory and real estate.