SAMHI Hotels Ltd Announces Strategic Partnership with GIC for Upscale Hotel Investment Platform in India

SAMHI Hotels Ltd has announced a strategic partnership with GIC for an upscale & hotel investment platform in India. This transaction involves a total investment of Rs. 752 crores across three subsidiaries, which is based on the total value of those three subsidiaries being about Rs. 2,200 crores. This includes primary investment for debt repayment, capital expenditure across all three subsidiaries, and secondary to acquire shares in SAMHI JV from SAMHI. The transaction is expected to lead to a significant reduction in debt and a 15% to 20% upward impact on PAT. Post transaction, the net debt to EBITDA is expected to be less than 3.5x, accelerating the path to take the leverage down to less than 3.0x in the next 12 months. This partnership will also enable SAMHI to grow its upscale hotel platform beyond the three seed assets, doubling its inventory of upscale hotels and significantly impacting its revenues and profitability.