SAMHI Hotels Recycles Capital to Reduce Debt and Fuel Growth

Gurugram, February 11, 2025: Hotel ownership and asset management platform SAMHI Hotels Limited has announced the sale of 100 per cent of their ownership in Duet India Hotels (Chennai OMR) Pvt. Ltd. (“Subsidiary”) for a consideration of ~INR 535 million. The Subsidiary was acquired as part of the ACIC Portfolio and owned 116 rooms at Four Points by Sheraton, Chennai OMR.

For the nine-month period ending 31st December 2024, the subsidiary reported a total revenue of ~INR 110 million, EBITDA of ~INR 23 million and a Net Loss of ~INR 33 million.

Commenting on the transaction, Ashish Jakhanwala CEO & Managing Director said, “We are pleased to announce the successful completion of this transaction, which is an important step in executing our capital recycling strategy. The immediate application of the capital will be focused on reducing our debt thereby enabling us to strengthen our balance sheet. By reducing our debt, we create the capacity to redirect capital towards the announced pipeline of high-growth opportunities in our core markets of Hyderabad, Bengaluru, and Pune.

“We remain confident that this strategy will generate superior returns over the long term and significantly transform our portfolio, reinforcing our commitment to delivering long-term value to our stakeholders”

SAMHI has long-term management arrangement with three of the established and well recognized global hotel operators, namely, Marriott, IHG and Hyatt. SAMHI has a portfolio of 32 operating hotels comprising 4,943 keys and presence in 13 cities across India, including National Capital Region (NCR), Bengaluru, Hyderabad, Chennai and Pune.