SAMHI Receives MIDC Confirmation to Develop Dual-Branded Hotel in Navi Mumbai

New Delhi, October 28, 2025: Branded hotel ownership and asset management platform SAMHI Hotels Limited has announced that it has received formal confirmation from the Maharashtra Industrial Development Corporation (MIDC) granting an extension to the development timeline for its marquee hotel project in Navi Mumbai. This approval clears the path for SAMHI to commence development of a landmark, dual-branded hotel comprising approximately 700 rooms near the Navi Mumbai International Airport and DY Patil Stadium, with Phase 1 development planned at ~400 rooms.

Proposed to be operated under the Westin and Fairfield by Marriott brands (subject to the execution of definitive agreements), the proposed project will be SAMHI’s largest hotel asset by number of rooms.

Project Highlights

Location: Located along the Mumbai–Pune Expressway, within proximity to the Navi Mumbai International Airport, the DY Patil Stadium and the Atal Setu Trans-Harbour Link

Scale: ~700 rooms, dual-branded

Brands: Westin (Upper Upscale) and Fairfield by Marriott (Upper Mid-scale)

Status: MIDC confirmation received for an extension to the development timeline

Strategic Impact: Marks SAMHI’s entry into Mumbai Metropolitan Region and is expected to be the largest asset in its portfolio by number of rooms

Strategic Rationale

The MIDC extension provides development certainty and aligns the project schedule with the ongoing commercial growth in Navi Mumbai. The dual-branded configuration will allow SAMHI to serve a wide spectrum of demand drivers—including aviation, corporate, MICE, sports, entertainment, and leisure—optimizing both occupancy and ARR potential in the next growth engine of the Mumbai Metropolitan Region.

Commenting on the development, Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels Ltd. said, “We are delighted to receive MIDC’s confirmation, which unlocks a transformational opportunity for SAMHI in Mumbai Metropolitan Region. This development will be a large, marquee addition to our portfolio, with a complementary dual branded hotel under the Westin and Fairfield by Marriott brands. This positions us to capture the diverse demand segments around the Navi Mumbai International Airport and DY Patil Stadium corridor. By prioritizing Phase 1 at ~400 rooms, we can bring high-quality capacity to market sooner, align with infrastructure timelines, and scale efficiently to the full ~700 rooms thereafter. As our single largest hotel by rooms, it meaningfully advances our scale and strengthens our presence in a critical gateway market. With this SAMHI has covered all key office markets across India.”