Samhi Hotels Limited — Important, 09-12-2024: General Updates

A new hotel has been opened in Greater Noida under the brand name "Holiday Inn Express," following the renovation and rebranding of the former Caspia Pro Greater Noida. The hotel features 133 rooms and will operate under a long-term management contract with IHG. This development enhances SAMHI Hotels' portfolio and strengthens its operational footprint in the region, potentially contributing positively to revenue growth. Investors should watch closely for the impacts on occupancy rates and financial performance as the hotel ramps up operations.