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SAMHI to sell 35% stake to GIC for ₹752 crore
The New Indian Express Sambalpur
|April 25, 2025
SINGAPORE's sovereign wealth fund, GIC, is acquiring a 35% stake in three subsidiaries of SAMHI Hotels—Courtyard & Fairfield by Marriott (Bengaluru ORR), Hyatt Regency Pune and the recently acquired Trinity Hotel in Whitefield, Bengaluru—for an investment of Rs 752 crore.
The total enterprise value of these three subsidiaries stands at ₹2,200 crore.
SAMHI said Rs 603 crore will be used upfront to reduce the debt across the company's portfolio and a small amount will be used towards deal expenses. Rs 149 crore will be used over next two years to part fund the capital expenditure for the Westin Tribute Portfolio Bengaluru Whitefield dual branded hotel.
This story is from the April 25, 2025 edition of The New Indian Express Sambalpur.
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