The Wealth Sovereign Fund of Singapore, GIC, is collecting a 35 percent participation in three exclusive properties owned by Samhi Hotels for ₹ 752 million rupees.
The measure will result in a debt reduction of ₹ 580 million rupees and an upward impact of 15-20 percent on net profits, Samhi Hotels said in a presentation of the stock exchange.
The investment follows the establishment of a joint business investment platform for exclusive hotel assets in India. GIC is also an investor in Samhi hotels and has an 8 percent stake in the quoted entity.
Currently, Samhi Hotels has a portfolio or 34 hotels, including three in development, distributed in 13 cities.
As part of the transaction, GIC will acquire a participation in three Samhi subsidiaries: the patio and Fairfield Marriott Bengaluru, Hyatt Regency Pune and recently acquired Trinity Hotel in the Bengaluru Whitefield area.
The investment will be made in two phases. This includes the initial infusion of ₹ 603 million rupees that will be used to reduce debt in the Samhi hotels portfolio. The following section implies the infusion of ₹ 149 million rupees for two years to partially finance capital spending for Westin/Tribute Portfolio Dual Branded Hotel in Bangalore.
“The transaction follows our declared strategy of capital recycling and will lead to a significant reduction in debt and association with the global GIC stature investor for greater growth,” said Samhi Hotels.
While GIC is forging stronger bonds with Samhi Hotels, his previous plans to build an investment platform with Indian Hotels Company Limited failed to take off.
In 2019, GIC and IHCL had announced an ₹ 4000 million rupee platform to acquire fully operational hotels in luxury and exclusive segments. IHCL had said that the association would allow him to acquire hotels in asset light mode by contributing 30 percent capital with the GIC reminder.
Posted on April 24, 2025
