SAMHI Hotels and GIC Forge Strategic Partnership

25 Apr 2025 CW Team

The joint venture will initially be incubated with five of SAMHI’s existing hotels, referred to as the "Seed Assets," which together represent more than 1,000 rooms and are valued at approximately Rs 22 billion. GIC will acquire a significant minority stake in the underlying Special Purpose Vehicles (SPVs) associated with these hotels. The Seed Assets are located in high-demand office micro-markets in Bengaluru and Pune, which are known for favourable demand growth and high barriers to entry for new supply.

The hotels included in the Seed Assets are:

Hyatt Regency, Pune, Nagar Road — 301 rooms (with 22 upcoming apartments) Courtyard by Marriott, Bengaluru, ORR — 176 rooms Fairfield by Marriott, Bengaluru, ORR — 160 rooms Trinity Hotel, Bengaluru, Whitefield — 142 rooms (to be converted to Marriott's Tribute Portfolio) Westin Hotel (under development) — 220 rooms, to be added to the existing Trinity Hotel in Bengaluru

The capital from this investment will be used for capital expenditure, future acquisitions, and reducing leverage across the hotels. SAMHI will continue to manage all operational and development assets within the platform.

This partnership provides SAMHI with the financial strength to grow its portfolio and strengthen its balance sheet, in line with its successful ‘category conversion’ strategy. Ashish Jakhanwala, CEO and Managing Director of 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.”

SAMHI Hotels Limited (BSE: 543984, NSE: SAMHI), a leading branded hotel ownership and asset management platform, has entered into a strategic partnership with GIC, a leading global institutional investor, to establish an investment platform for upscale and higher-tier hotel assets in India. This partnership, aimed at expanding SAMHI’s portfolio, involves an equity investment plan of up to $300 million. The joint venture will initially be incubated with five of SAMHI’s existing hotels, referred to as the Seed Assets, which together represent more than 1,000 rooms and are valued at approximately Rs 22 billion. GIC will acquire a significant minority stake in the underlying Special Purpose Vehicles (SPVs) associated with these hotels. The Seed Assets are located in high-demand office micro-markets in Bengaluru and Pune, which are known for favourable demand growth and high barriers to entry for new supply. The hotels included in the Seed Assets are: Hyatt Regency, Pune, Nagar Road — 301 rooms (with 22 upcoming apartments) Courtyard by Marriott, Bengaluru, ORR — 176 rooms Fairfield by Marriott, Bengaluru, ORR — 160 rooms Trinity Hotel, Bengaluru, Whitefield — 142 rooms (to be converted to Marriott's Tribute Portfolio) Westin Hotel (under development) — 220 rooms, to be added to the existing Trinity Hotel in Bengaluru The capital from this investment will be used for capital expenditure, future acquisitions, and reducing leverage across the hotels. SAMHI will continue to manage all operational and development assets within the platform. This partnership provides SAMHI with the financial strength to grow its portfolio and strengthen its balance sheet, in line with its successful ‘category conversion’ strategy. Ashish Jakhanwala, CEO and Managing Director of 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.”

Infrastructure Urban

31 Jul 2026

SCLR Extension Nears Completion Linking BKC With Signal-Free Route

The Santacruz-Chembur Link Road (SCLR) extension towards Bandra-Kurla Complex (BKC) via the Mumbai University campus has entered its final stage, bringing motorists closer to a direct, signal-free connection between the Western Express Highway and the city’s commercial district. The elevated connector is being built as an arm from the SCLR alignment and will link the western suburbs with BKC without surface signals. The link is designed to reduce journey times for commuters travelling from the western suburbs to BKC and to improve access to eastern Mumbai. By carrying through traffic above s..

Infrastructure Transport

31 Jul 2026

Raiganj MP Seeks Bengal Only Highway Link To Siliguri

Raiganj Member of Parliament Kartik Chandra Paul met Union Minister for Road Transport and Highways Nitin Gadkari in New Delhi to press for a new stretch of national highway in North Dinajpur district. He urged approval for a Bengal-to-Bengal link that would connect National Highways 12 and 27 to allow vehicles bound for Siliguri to avoid the current route through Kishanganj in neighbouring Bihar. He also submitted a proposed alignment of the new road to the ministry for consideration. At present vehicles from Raiganj travel along NH-12 and join NH-27 at Purnia More in Dalkhola, a route that p..

Infrastructure Transport

31 Jul 2026

Airport Kilambakkam Metro Line To Be Extended To Chengalpattu

Chennai Metro Rail (CMRL) has invited tenders for two detailed project reports that would extend its rail network to Chengalpattu in the south and extend Corridor-5 to Wimco Nagar in the north as part of a second wave of expansion beyond the operator's corridors under construction. The move signals an acceleration of planning for suburban links and interchange nodes. The larger of the two studies covers a roughly 27km extension from the planned Kilambakkam metro station to Chengalpattu under Corridor-1, Phase I. CMRL floated the tender at an estimated cost of Rs 21.6 mn. The proposed line woul..