कोशिश गोल्ड - मुक्त
GIC to invest ₹752 crore for 35% stake in five Samhi hotels
Mint Kolkata
|April 25, 2025
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.
यह कहानी Mint Kolkata के April 25, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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