SAMHI Hotels Ltd has entered into an agreement with an affiliate of Ingka Centres to lease a 162-room upscale hotel in Sector 51, Noida, marking a notable expansion of the company’s presence in the Delhi-NCR hospitality market. The proposed property will form part of a larger under-construction mixed-use development spanning 2.5 million square feet (mn sq ft). The project is located within a major IT and corporate hub of the National Capital Region.

Under the terms of the agreement, Ingka Centres will lease the building structure including façade and high-side engineering works while SAMHI Hotels Ltd will fund the interior fit-outs and operational setup. The development is being shaped around Ingka Centres’ Meeting Places concept, which integrates retail, leisure and community-oriented spaces into a single destination. The arrangement is intended to create a retail-led ecosystem that supports local businesses and flexible workspaces.

SAMHI plans to position the property under an international upscale brand, with the specific flag to be finalised at a later date, and the company expects the asset to address growing demand for quality hotel inventory in the region. Delhi-NCR has been registering sustained corporate travel and office space absorption, with micro-markets such as Sector 62 and the Noida Expressway corridor emerging as key demand drivers. SAMHI’s portfolio strategy prioritises high-growth cities including Bangalore, Hyderabad, Pune and NCR.

Market reaction was positive after the announcement, with SAMHI Hotels Ltd shares trading at Rs 162.68 on April 16, 2026, up 1.03 per cent for the day and registering an intraday high of Rs 168.80. The company is positioned as a multi-branded asset owner that acquires underperforming properties and converts them into higher yielding assets. Management commentary and exact operational timelines were not disclosed in detail.

The deal is expected to strengthen SAMHI’s presence in a strategic corporate and IT hub and to complement mixed-use developments that blend hospitality with retail and workspace offerings. Investors and market observers will monitor brand selection and project completion details as they become available.