Last year, SAMHI Hotels Ltd acquired British hotel chain Premier Inn’s five hotel properties in India for over Rs200 crore. Mumbai: Goldman Sachs-backed hotel investment firm SAMHI Hotels Ltd plans to spend around Rs400 crore this year on acquiring hotel assets in the country, said a top company executive. Gurgaon-based SAMHI Hotels, which owns 30 hotel assets operated by several global brands such as Marriott and Hyatt Hotels, has made several acquisitions in the last six years. In 2016, SAMHI also bought out Hyatt Regency property in Pune from RK Jatia Group-owned Ascent Hotels for around Rs350 crore. In 2016, the firm received Rs441 crore as equity investment from investment banking firm Goldman Sachs Group Inc.

Source: Mint April 10, 2018 16:41 UTC