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SAMHI to sell 35% stake to GIC for ₹752 crore
The New Indian Express Bhubaneswar
|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.
यह कहानी The New Indian Express Bhubaneswar 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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