24 Apr 2025

Samhi Hotels Shares Surge Over 6% After Strategic JV with GIC for Upscale Hotel Expansion

Samhi Hotels is currently trading at RS. 184.85, rising by 10.80 points or 6.21% from its previous close of RS. 174.05 on the BSE.

The stock opened at RS. 185.15 and recorded a high of RS. 186.85 and a low of RS. 180.20. A total of 2,36,723 shares have been traded so far.

Classified under BSE group 'A', the stock with a face value of RS. 1 has marked a 52-week high of RS. 225.60 on September 6, 2024, and a 52-week low of RS. 120.35 on April 7, 2025. Over the past week, it traded between RS. 186.85 and RS. 171.45. The company currently holds a market capitalization of RS. 4025.95 crore.

The institutional and non-institutional holdings in the company stand at 65.90% and 34.09%, respectively.

In a significant development, SAMHI Hotels has formed a strategic joint venture with GIC, a leading global institutional investor, to set up an investment platform for upscale and premium hotel assets in India. The joint venture will initially include five of SAMHI’s hotels—comprising over 1,000 rooms and valued at approximately RS. 2,200 crore—with GIC taking a substantial minority stake in the underlying SPVs.

These hotels are situated in high-demand office micro-markets in Bengaluru and Pune, areas with strong growth potential and limited new supply. The investment proceeds will be directed toward capital expenditure, new acquisitions, and reducing debt across the hotel portfolio. SAMHI will oversee the operation and development of all assets under the platform.

Through this partnership and capital infusion, SAMHI aims to strengthen its balance sheet and expand its hotel portfolio via its proven ‘category conversion’ strategy—acquiring, renovating, rebranding, and rerating hotels to drive growth.