Samhi Hotels Ltd Share Price – NSE /  BSE

Hotels & Restaurants, Small Cap

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.

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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.

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Samhi Hotels will hold a meeting of the Board of Directors of the Company on 29 January 2025.

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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.

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Samhi Hotels will hold a meeting of the Board of Directors of the Company on 29 January 2025.

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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).

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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 News

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.

Powered by Capital Market - Live News

Samhi Hotels will hold a meeting of the Board of Directors of the Company on 29 January 2025.

Powered by Capital Market - Live News

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.

Powered by Capital Market - Live News

Samhi Hotels will hold a meeting of the Board of Directors of the Company on 29 January 2025.

Powered by Capital Market - Live News

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).

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