Samhi Hotels Ltd

Samhi Hotels announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 20 May 2025.Powered by Capital Market - Live

The partnership will be incubated with five of SAMHI's hotels with more than 1,000 rooms (the Seed Assets) valued at around Rs 2,200 crore with GIC acquiring a significant minority stake in the underlying SPVs that own these hotels. The transaction involves three key SAMHI subsidiaries that own the Courtyard and Fairfield by Marriott in Bengaluru ORR, Hyatt Regency in Pune, and the recently acquired Trinity Hotel in Whitefield, Bengaluru. GIC will pick up a 35% stake in these subsidiaries with a total investment of approximately Rs 752 crore. Of this, around Rs 603 crore will be infused upfront to reduce SAMHI's debt and cover transaction-related costs, while the remaining Rs 149 crore will be invested over the next two years to support the development of a dual-branded Westin / Tribute Portfolio hotel at the Whitefield site. The proceeds from the investment will be used for capital expenditure, strategic acquisitions, and further deleveraging of SAMHI's hotel portfolio. SAMHI will continue to manage both operational and development assets under the platform. The company also reiterated its commitment to its successful 'category conversion' strategy, which focuses on repositioning assets to higher-performing segments. Upon closing, SAMHI expects to significantly reduce its debt by around Rs 580 crore and boost profitability, with a projected 15'20% uplift in profit after tax (PAT). GIC, established in 1981, manages Singapore's foreign reserves and is renowned for its long-term, disciplined investment strategy across global asset classes. SAMHI is a prominent branded hotel ownership and asset management platform in India with an institutional ownership model, experienced leadership and professional management team. 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 31 operating hotels comprising 4,823 rooms and has a diverse geographic presence in 13 cities across India, including National Capital Region (NCR), Bengaluru, Hyderabad, Chennai and Pune. On a consolidated basis, SAMHI Hotels reported net profit of Rs 22.79 crore in Q3 December 2024 as against net loss of Rs 74.42 crore in Q3 December 2023. Net sales rose 10.43% year-on-year to Rs 295.77 crore in Q3 December 2024. Powered by Capital Market - Live

 GIC, leading global institutional investor, and SAMHI Hotels have entered into a strategic partnership to establish an investment platform for upscale and higher hotel assets in India. The partnership will be incubated with five of SAMHI's hotels with more than 1,000 rooms (the 'Seed Assets') valued at ~Rs 2,200 crore with GIC acquiring a significant minority stake in the underlying SPVs. The hotels are located in high density office micro-markets in Bengaluru and Pune with favorable demand growth and high barriers to entry for new supply. The Seed Assets include the following hotel assets: - The Hyatt Regency - Pune, Nagar Road ' 301 rooms (with upcoming 22 apartments) - Courtyard by Marriott - Bengaluru, ORR ' 176 rooms - Fairfield by Marriott - Bengaluru, ORR ' 160 rooms - Trinity Hotel - Bengaluru, Whitefield ' 142 rooms which will be converted to as part of Marriott's Tribute Portfolio - Under development 220 room Westin Hotel, which is being added to the existing Trinity Hotel in Bengaluru The investment will be used for capital expenditure, future acquisitions and to reduce leverage across hotels. SAMHI will manage all the operational and development assets in the platform. With this investment, SAMHI will strengthen its balance sheet and grow its portfolio through its well tested 'category conversion' strategy. Powered by Capital Market - Live

SAMHI Hotels announced the sale of its wholly-owned subsidiary, Duet India Hotels (Duet Chennai OMR), to Greenpark Hotels and Resorts. The deal, finalized on February 10, 2025, is valued at approximately Rs 53.5 crore, representing the enterprise value of the Chennai property. The transaction is expected to be completed on or before April 1, 2025. SAMHI Hotels clarified that Greenpark Hotels and Resorts is not related to its promoter, promoter group, or group companies. Duet Chennai OMR was acquired as part of the ACIC portfolio transaction in August 2023 and owns the 116 rooms at Four Points by Sheraton, Chennai OMR. In August 2023, SAMHI had announced the completion of acquisition of 6 hotel properties of ACIC comprising a total of 962 rooms in cities like Pune, Hyderabad, Chennai, Ahmedabad and Jaipur. The portfolio consisted of 3 Fairfield by Marriott and 3 Four Points by Sheraton. Duet Chennai OMR contributed marginally to SAMHI's consolidated financials, representing less than 1% of the group's revenue in the fiscal year 2023-24. The subsidiary also had a negative impact (-1.19%) on SAMHI's consolidated net worth during the same period. For the nine-month period ending 31 December 2024, Duet Chennai OMR reported a total revenue of Rs 11 crore, EBITDA of Rs 2.3 crore and a net loss of Rs 3.3 crore. Ashish Jakhanwala CEO & managing director said, We are pleased to announce this transaction, which is part of our asset recycling strategy. We are very excited about the progress of our new developments in Hyderabad, Bengaluru and Pune which will help us transform ourportfolio and this transaction on immediate basis reduces our debt and allows us to redirect capital in these core markets for superior returns. SAMHI Hotels is a branded hotel ownership and asset management platform in India. 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 has a diverse geographic presence in 13 cities across India, including National Capital Region (NCR), Bengaluru, Hyderabad, Chennai and Pune. On a consolidated basis, Samhi Hotels reported net profit of Rs 22.79 crore in Q3 December 2024 as against net loss of Rs 74.42 crore in Q3 December 2023. Net sales rose 10.43% year-on-year to Rs 295.77 crore in Q3 December 2024. Powered by Capital Market - Live

Net profit of Samhi Hotels reported to Rs 22.79 crore in the quarter ended December 2024 as against net loss of Rs 74.42 crore during the previous quarter ended December 2023. Sales rose 10.43% to Rs 295.77 crore in the quarter ended December 2024 as against Rs 267.83 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales295.77267.83 10 OPM %37.2931.72 - PBDT51.5325.26 104 PBT22.42-5.97 LP NP22.79-74.42 LP Powered by Capital Market - Live

Samhi Hotels will hold a meeting of the Board of Directors of the Company on 29 January 2025.Powered by Capital Market - Live

The Board of Samhi Hotels at its meeting held on 21 January 2025 has approved to invest the funds of the Company in Duet India Hotels (Chennai OMR) (Duet Chennai OMR'), the wholly-owned subsidiary of the Company, to the tune of upto Rs 20.50 crore by way of subscribing upto 2,05,00,000 equity shares of Rs 10 each of Duet Chennai OMR on rights issue basis. There is no change in the shareholding percentage of the Company in Duet Chennai OMR, pursuant to such acquisition(s). Powered by Capital Market - Live

Revenue increased 20.72% YoY to Rs 265.53 crore during the quarter. The firm reported pre-tax profit of Rs 12.19 crore in Q2 FY25 as compared with pre-tax loss of Rs 88.44 crore in Q2 FY24. Asset EBITDA jumped 28.1% to Rs 1,040 crore during the quarter as compared with Rs 811 crore in corresponding quarter last year. Asset EBITDA margin was 39.1% in Q2 FY25 as against 36.7% in Q2 FY24. The company said that same store growth & positive impact of ACIC acquisition led to strong growth in income and EBITDA. RevPAR (revenue per available room) stood at Rs 4,529, up 16.5% on a YoY basis demonstrate strong business demand across key markets with established larger base of demand and continued growth in commercial activities across key markets driving RevPAR growth. Occupancy rate was at 75% during the quarter as compared with 72% in same quarter last year. Ashish Jakhanwala, chairman & managing director, SAMHI Hotels, said, 'The results for Q2 and H1 FY25 reflect our continued commitment to expanding inventory, driving strong revenue growth, and delivering robust EBITDA performance. The integration of ACIC is progressing smoothly, contributing to a significant margin improvement of approximately 590 basis points in Q2 FY25 compared to H1 FY24 (pre-acquisition). Our core markets remain resilient, with occupancy levels continuing to rise. For Q2 and H1 FY25, occupancy stood at 75%, reflecting the ongoing demand for our assets. I am also pleased to announce the signing of a long-term, variable lease in Hitec City, Hyderabad. This agreement aligns with our strategic focus on increasing the proportion of long-term leases to enhance capital efficiency and generate higher risk-adjusted returns. The transactions in Bangalore Whitefield and Hyderabad Hitec City will drive substantial growth in our Upper Upscale and Upscale inventory, contributing to the premiumization of our existing portfolio and increasing our market share in key office markets. Looking ahead, we remain focused on near-term growth driven by strong demand for our existing assets, the strategic re-rating of portions of our portfolio following renovation and rebranding efforts, the addition of new inventory, and continued M&A activity.' Samhi Hotels is a prominent branded hotel ownership and asset management platform in India with an institutional ownership model, experienced leadership and professional management team. Samhi has a portfolio of 32 operating hotels comprising 4,943 keys and has a diverse geographic presence in 13 cities across India, including National Capital Region (NCR), Bengaluru, Hyderabad, Chennai and Pune.Powered by Capital Market - Live

Net profit of Samhi Hotels reported to Rs 12.62 crore in the quarter ended September 2024 as against net loss of Rs 88.00 crore during the previous quarter ended September 2023. Sales rose 20.72% to Rs 265.54 crore in the quarter ended September 2024 as against Rs 219.96 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales265.54219.96 21 OPM %34.7123.08 - PBDT41.03-60.56 LP PBT12.20-88.44 LP NP12.62-88.00 LP Powered by Capital Market - Live

Samhi Hotels will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live