The company was incorporated as “SAMHI Hotels Private Limited” on December 28, 2010, as a private limited company under the Companies Act, 1956, at New Delhi, with a certificate of incorporation granted by the Registrar of Companies, National Capital Territory of Delhi and Haryana. On the conversion of the company to a public limited company pursuant to a resolution passed by its shareholders on August 2, 2019, its name was changed to “SAMHI Hotels Limited” and a fresh certificate of incorporation was issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana on August 16, 2019.
The company is a prominent branded hotel ownership and asset management platform in India, with the third largest inventory of operational keys (owned and leased) in India as of March 31, 2023. Within 12 years of starting the company’s business operations, it has built a portfolio of 3,839 keys across 25 operating hotels in 12 of India’s key urban consumption centers, including Bengaluru (Karnataka), Hyderabad (Telangana), National Capital Region (NCR), Pune (Maharashtra), Chennai (Tamil Nadu) and Ahmedabad (Gujarat), as of March 31, 2023. Pursuant to the completion of the ACIC Acquisition on August 10, 2023, its portfolio has further increased to 4,801 keys across 31 operating hotels.
The company has adopted an acquisition-led strategy, which is underpinned by its track record of acquiring and successfully turning around hotels to grow its business. It acquires or builds primarily business hotels, and it takes steps to further upgrade properties and engage with established branded hotel operators to allow the hotels to be appropriately positioned within the market. Subsequent to this one-time upgrade of the property, it deploys its in-house and proprietary asset management tools and capabilities to further enhance the ongoing financial and operational performance of the property. Its portfolio is diversified across key consumption centers in India, at different price-points and with established brands catering to a broad set of demand. The company currently categorizes its hotel portfolio into three distinct hotel segments based on brand classification – Upper Upscale and Upscale, Upper Mid-scale and Mid-scale.
Business area of the company
The company acquires/builds primary hotels and thereafter renovates, rebrands and rerates the property and runs it. Its hotels operate under established and well-recognised hotel operator brands such as Courtyard by Marriott, Sheraton, Hyatt Regency, Hyatt Place, Fairfield by Marriott, Four Points by Sheraton and Holiday Inn Express, which provide its hotels access to the operator's loyalty programs, management and operational expertise, industry best practices, online reservation systems and marketing strategies.
Awards and Accreditations
- 2017: Fairfield by Marriott Bangalore Rajajinagar Hotel awarded for “Highest Reduction in Carbon” in the APEC Region for the second quarter of 2017 by Marriott International.
- 2017: Hyatt Place Gurgaon Udyog Vihar awarded “Best Business Hotels of the Year” as part of the Travel & Lifestyle Leadership Awards presented by Lonely Planet.
- 2017: Hyatt Regency Pune awarded the “Trip Advisor Certificate of Excellence”.
- 2019: Renaissance Ahmedabad Hotel awarded “Best Debut Hotel in Gujarat” as part of Gujarat Tourism Awards, 2019.
- 2019: Holiday Inn Express Chennai OMR Thoraipakkam awarded “Certificate for Operations Excellence” by IHG for outstanding contribution to half-yearly operation metrics.
- 2019: Hyatt Regency Pune awarded the “Certificate of Excellence” by Trip Advisor.
- 2019: Fairfield by Marriott Sriperumbudur awarded “Most improved Maintenance and Upkeep guestVoice Score” in the APEC Region for the first quarter of 2019 by Marriott International.
- 2019: Fairfield by Marriott Bengaluru Rajajinagar awarded “Highest Management Positions Filled Internally” in the APEC Region for the second quarter of 2019 by Marriott International.
- 2019: Fairfield by Marriott Bengaluru Rajajinagar awarded “3rd Quarter Most Improved Internet guestVoice Score” by Marriott International as part of the 2019 APEC Quarterly Awards.
- 2020: Caspia Hotel New Delhi Shalimar Bagh awarded “Travellers’ Choice Winner 2020” by Tripadvisor.
- 2021: Caspia Hotel New Delhi Shalimar Bagh awarded “Travellers’ Choice 2021” by Tripadvisor.
- 2021: Holiday Inn Express Portfolio awarded “Best Hotel of the Year” at the Hotel Investment Conference –South Asia (“HICSA”) 2021.
- 2022: Hyatt Regency Pune awarded “Best Bleisure Hotel, 2022” at the India’s Best Awards, 2022 hosted by Travel+Leisure.
- 2023: Hyatt Regency Pune & Residences recognised under the honours list 2023 (Hotel, Restaurant & Travel) by the International Hospitality Council London & International Institute of Hotels Management.
- 2023: Hyatt Regency Pune awarded the “Travellers’ Review” award in the Goibibo Star Partners Award 2023 Hyatt Place Gurgaon awarded the “Travellers’ Choice” by Tripadvisor.
Major events and milestones
- 2010: Incorporation of the company.
- 2011: Initial equity investment by GTI Samhi Pte. Limited and Blue Chandra in Company.
- 2012: Opening of Corporate Office in Gurugram.
- 2012: Acquisition of a majority stake (60%) in Barque and addition of Formule 1 hotels to the portfolio.
- 2013: Commencement of operations at Fairfield by Marriott Bangalore Rajajinagar Hotel.
- 2014: Investment by IFC in Company by way of subscription to the FCCDs.
- 2014: Commencement of operations at Hyatt Place Gurgaon Udyog Vihar.
- 2015: Equity investment by GSA in Company.
- 2015: Commencement of operations at Sheraton Hyderabad Hotel, Fairfield by Marriott Bangalore Outer Ring Road and Courtyard by Marriott Bangalore Outer Ring Road.
- 2016 Acquisition of 100% shareholding in Ascent, which currently owns the Hyatt Regency Pune hotel.
- 2016: Commencement of operations at Four Points by Sheraton Visakhapatnam.
- 2017: Acquisition of the remaining 40% shareholding in Barque as a result of which Barque became a wholly owned Subsidiary of Company.
- 2017: Commencement of operations under the Marriott brand at Renaissance Ahmedabad Hotel and Fairfield by Marriott Coimbatore.
- 2018 Acquisition of Luxury Singapore Holding Company Pte Limited’s 33% shareholding in SAMHI JV, as a result of which the company acquired 100% shareholding of SAMHI JV.
- 2018: Commencement of operations at Fairfield by Marriott Bengaluru Whitefield, Fairfield by Marriott Pune Kharadi, Fairfield by Marriott Goa Anjuna, Fairfield by Marriott Sriperumbudur Hotel.
- 2023: Acquisition of the ACIC SPVs which includes 962 keys across six operating hotels in the Upper Midscale segment under the Fairfield by Marriott and Four Points by Sheraton brands and a parcel of land for the development of a hotel under the Upper Mid-scale segment in Navi Mumbai, Maharashtra.