SAMHI Hotels rallied 6.61% to ₹185.55 after revealing a major strategic alliance with Singapore’s GIC to launch an upscale hotel investment platform across India.
The partnership kicks off with a robust portfolio of five premium hotels — the “Seed Assets” — totaling over 1,000 rooms and valued at approximately ₹2,200 crore. GIC will take a significant 35% minority stake in the SPVs that own these properties, investing about ₹752 crore in total.
This investment spans three key SAMHI subsidiaries, which include high-profile assets like Courtyard and Fairfield by Marriott in Bengaluru ORR, Hyatt Regency in Pune, and the recently acquired Trinity Hotel in Whitefield, Bengaluru. Of the ₹752 crore, around ₹603 crore will be deployed immediately to slash SAMHI’s debt and manage transaction expenses, while the remaining ₹149 crore will be used over the next two years to develop a dual-branded Westin/Tribute Portfolio hotel at the Whitefield location.
This move not only boosts SAMHI’s financial flexibility but also strengthens its foothold in the luxury hospitality segment across India.
Ashish Jakhanwala CEO & Managing Director, SAMHI said, “We are pleased to announce this transformational partnership with GIC. We have a strong track record in the hotel sector in India and GIC brings unparalleled institutional capabilities for us to benefit from. In addition to helping us strengthen our balance sheet, this partnership gives us tremendous firepower to grow our portfolio.”
The funds from GIC’s investment will be strategically deployed by SAMHI for capital expenditure, new acquisitions, and further debt reduction across its hotel portfolio. SAMHI will retain operational control and continue to oversee both current and upcoming properties under the newly formed platform.
Staying true to its successful category conversion strategy, SAMHI aims to reposition assets into higher-performing segments to enhance overall returns. With this partnership, the company expects to cut its debt by approximately ₹580 crore and achieve a significant profitability boost — projecting a 15–20% increase in profit after tax (PAT) post-closure.
GIC, founded in 1981, manages Singapore’s foreign reserves and is recognized globally for its steady, long-term investment approach across diverse asset classes — making it an ideal partner for this high-potential venture.
SAMHI Hotels is a leading branded hotel ownership and asset management platform in India, operating under an institutional ownership model with a seasoned leadership team and professional management. The company has strategic long-term management agreements with three global hotel giants—Marriott, IHG, and Hyatt. With a portfolio of 31 operational hotels, comprising 4,823 rooms, SAMHI has established a diverse footprint across 13 key cities in India, including the National Capital Region (NCR), Bengaluru, Hyderabad, Chennai, and Pune.
For the third quarter of December 2024, SAMHI Hotels reported a strong turnaround, posting a net profit of ₹22.79 crore compared to a net loss of ₹74.42 crore in the same period the previous year. Net sales for Q3 December 2024 rose by 10.43% year-on-year, reaching ₹295.77 crore, reflecting the company’s robust recovery and growth trajectory.
SAMHI Hotels continues to strengthen its position as a prominent player in India’s hospitality sector, with a well-established portfolio, strategic partnerships with global hotel brands, and a strong leadership team. The recent strategic tie-up with GIC further bolsters its growth potential, enabling the company to reduce debt, fund key developments, and expand its presence in high-performing segments. With positive financial momentum, as evidenced by the impressive turnaround in profitability and consistent revenue growth, SAMHI is well-positioned for continued success in the competitive hotel market across India.
