SAMHI Hotels Signs Agreement to Lease for ~260-room Mid-Scale Hotel in Hyderabad’s Financial District

SAMHI Hotels Limited, a prominent branded hotel ownership and asset management platform in India, through its wholly owned subsidiary Barque Hotels Private Limited, announced the signing of an Agreement to Lease (“ATL”) with Mrs. P Pramoda, Mrs. P Harika, and Aurean Eskar for a ~260-room Mid-scale hotel. The hotel will be developed as part of a mixed-use project in Hyderabad’s Financial District. The estimated development cost for SAMHI’s scope of work is ~21,250mn —21,430mn. The transaction has been structured as a long-term variable lease, aligning the interests of both parties by linking land value realization to the hotel’s operating performance. This model enables SAMHI to participate in market upside while maintaining a capital-efficient approach to growth. The transaction is subject to customary conditions subsequent (“CS”) items, and the final lease deed will be executed upon receipt of requisite building sanctions for the construction of the building.