Samhi Hotels Limited — Updates, 24-04-2025: Press Release

GIC and SAMHI Hotels Limited have formed a strategic partnership to establish an investment platform for upscale hotel assets in India, involving an equity investment plan of up to ~US$300 million. The initiative will include five of SAMHI's hotels, collectively valued at approximately ₹2,200 crores, targeted for significant capital improvements and expansion efforts.

The selected hotels include Hyatt Regency Pune, Courtyard by Marriott Bengaluru, Fairfield by Marriott Bengaluru, Trinity Hotel Bengaluru, and a developing Westin Hotel. This partnership not only aims to reduce leverage across hotels but also positions SAMHI to enhance its portfolio through a proven category conversion strategy.

SAMHI's CEO, Ashish Jakhanwala, expressed enthusiasm about leveraging GIC's institutional expertise to fortify the company's financial stability and growth potential. This partnership signifies a promising outlook for SAMHI, bolstering its capability to expand in a competitive market. Morgan Stanley served as the exclusive financial advisor for this deal.