About SAMHI Hotels Limited

SAMHI Hotels Limited is a hotel development and investment company focused on operating internationally branded hotels across key Indian cities. Incorporated on December 28, 2010, the Company was listed on the NSE and BSE on September 22, 2023, and is headquartered in New Delhi with a corporate office in Gurugram. As of FY 2025, SAMHI is among India’s largest multi-branded hotel owners by inventory, with a portfolio of 32 operating hotels and 4,948 keys across 14 key cities, partnered with global operators such as Marriott, Hyatt and IHG. Its business model centres on acquiring underperforming or undervalued assets, renovating and rebranding them under leading brands to improve occupancy, rates and profitability.

The Company operates exclusively in India and has no non-current assets outside the country. Key demand hubs include Bangalore, Hyderabad, Pune and NCR, with presence also mapped in Greater Noida, Jaipur, Chennai, Pune, Bangalore, Hyderabad and Kolkata. SAMHI deploys a proprietary analytics platform, “SiD”, to integrate operational and financial data for asset-level decision-making and portfolio benchmarking. As on March 31, 2025, the Company had 16 wholly owned subsidiaries (including step-down subsidiaries).

SAMHI Hotels Limited Milestones

Key milestones include early investments by global institutions (2011–2015), acquisition of the Hyatt Regency, Pune (2016), buyout and rebranding of the Barque Hotels portfolio to Holiday Inn Express (2017), acquisition of the Premier Inn portfolio (2017), acquisition of the ACIC portfolio and public listing with a Rs 12,000 mn primary capital raise (2023), a management agreement with Marriott to convert the ACIC portfolio to a managed model (2024), and a strategic partnership with GIC alongside marquee acquisitions in Bangalore and Hyderabad (2025).

SAMHI Hotels Limited Key Management

• Ashish Jakhanwala – Chairman, Managing Director & Chief Executive Officer
• Rajat Mehra – Chief Financial Officer
• Sanjay Jain – Senior Director, Corporate Affairs, Company Secretary & Compliance Officer

Latest Updates on SAMHI Hotels Limited

• Strategic partnership with an affiliate of GIC: In April 2025, the Company entered transactions for GIC to hold 35% (fully diluted) in Ascent Hotels Private Limited, Innmar Tourism and Hotels Private Limited, and SAMHI JV Business Hotels Private Limited, enabling growth in upscale and higher segments on a 65–35 basis with SAMHI.
• Portfolio actions: Acquisition of the 142-room Trinity, Whitefield, Bangalore, to be rebranded and expanded into a 360+ room Westin–Tribute Portfolio dual-branded hotel; and a long-term variable lease of an office building in HITEC City, Hyderabad, for conversion into a 170-room “W” branded hotel under Marriott’s management (both FY 2025 initiatives).
• Brand platform upgrade: Management agreement with Marriott in 2024 for converting the ACIC portfolio from franchise to managed model, aiding margin expansion and future revenue transformation.
• Capital structure and ratings: Post year-end, credit ratings were revised to CARE A- (RWP) and CARE A- / CARE A2+ (RWP) on May 09, 2025; and to [ICRA] A- (RWP) and [ICRA] A2+ (RWP) on May 06, 2025.
• Corporate actions: Allotment of 11,99,659 equity shares upon ESOP exercises on May 14, 2024 and March 18, 2025; sale of 100% stake in Duet Chennai OMR on February 10, 2025; and post year-end investment steps in Ascent, including a share purchase from Vascon and a rights issue subscription; OCRDs at Ascent were converted to equity on May 14, 2025 and acquired by the Company on May 16, 2025.