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GIC to invest ₹752 crore for 35% stake in five Samhi hotels
April 25, 2025
|Mint Kolkata
Singapore's sovereign wealth fund GIC is investing ₹752 crore in three hotel-owning subsidiaries of Samhi Hotels, which together house Courtyard by Marriott and Fairfield Inn by Marriott at Bengaluru's Outer Ring Road, Hyatt Regency in Pune, and its recently acquired Trinity hotel portfolio in Whitefield, Bengaluru.
With this deal, GIC will acquire a minority (35%) stake in these subsidiaries, which have 1,000 rooms combined. Of the total investment, ₹603 crore will be used upfront to reduce the company's debt across its entire portfolio, while a small portion will go toward transaction expenses.
Another ₹149 crore will be infused over the next two years to partially fund capital expenditure for a dual-branded hotel under the Trinity hotel portfolio (Tribute Hotel and an upcoming Westin hotel) banners in Whitefield, Bengaluru.
هذه القصة من طبعة April 25, 2025 من Mint Kolkata.
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