SAMHI Hotels Limited (SAMHI), through its wholly owned subsidiary SAMHI Skyline Private Limited, has entered into a strategic agreement with Ingka Centres India Private Limited, a part of the Ingka Group, to lease an upscale 162-room hotel within Ingka Centres’ upcoming 2.5 million square feet mixed-use development in Noida. Notably, Ingka Group operates three core businesses—IKEA Retail, Ingka Centres, and Ingka Investments—thereby strengthening its global presence in retail and real estate development.
Moreover, the companies confirmed that the hotel will be located within a high-quality mixed-use ecosystem, which will drive strong captive demand and ensure high visibility. Consequently, the project will leverage SAMHI’s long-term variable lease model. Under this structure, Ingka will lease the building, including the façade and all high-side engineering, while SAMHI will invest in the interior fit-outs. Additionally, the company will operate the hotel under an international brand, which it will finalize at a later stage, according to an official statement.
Furthermore, SAMHI stated that this development will expand its footprint in the Delhi NCR hospitality market, where it already owns and operates prominent properties such as Hyatt Place Gurgaon, Holiday Inn Express Gurgaon, and Holiday Inn Express Greater Noida. As a result, the company continues to strengthen its position in one of India’s fastest-growing real estate and business hubs.
Importantly, the hotel will form an integral part of Ingka Centres’ “meeting places” concept, which aims to create a modern, retail-led destination. This concept will seamlessly integrate shopping, leisure, and community-centric experiences, while also supporting local businesses and flexible workspaces. Therefore, the project aligns with evolving urban lifestyle trends and consumer expectations.
Ashish Jakhanwala, chairman and MD, SAMHI Hotels, said this partnership with Ingka Centres represents a significant milestone for the company as it continues to scale through its capital-efficient, long-term variable lease model in the National Capital Region. “The Noida project is a marquee development with strong underlying demand drivers, and we are delighted to collaborate with world-class partners in Ingka to deliver a landmark hospitality asset,” he added.
Similarly, Giovanni Princiotta Cariddi, country manager India for Ingka Centres said the company is thrilled to welcome SAMHI Hotels as a partner in its Noida Meeting Place. “This collaboration reflects our vision to create vibrant mixed-use destinations where people can live, work, shop, and stay—all in one place,” he said. “Having a high-quality hospitality offer within our mixed-use development strengthens the overall experience we want to provide to our visitors and the local community. Together with SAMHI, we are committed to delivering a landmark destination that will set a new benchmark for integrated urban living in the Delhi NCR region,” he added.
SAMHI Hotels’ collaboration with Ingka Centres highlights the growing momentum in India’s mixed-use real estate and hospitality sector. As demand for integrated urban developments rises, this project poses to set new benchmarks in premium hospitality, retail experiences, and community-driven infrastructure in Noida and the broader Delhi NCR region.
