Gurugram, 11th February 2025: SAMHI Hotels Limited a prominent branded hotel ownership and asset management platform in India, announced the sale of 100% of their ownership in Duet India Hotels (Chennai OMR) Pvt. Ltd. (“Subsidiary”) for a consideration of ~INR 535 million. The Subsidiary was acquired as part of the ACIC Portfolio and owned 116 rooms at Four Points by Sheraton, Chennai OMR.

For the nine-month period ending 31st December 2024, the subsidiary reported a total revenue of ~INR 110 million, EBITDA of ~INR 23 million and a Net Loss of ~INR 33 million.

Commenting on the transaction, Ashish Jakhanwala CEO & Managing Director said, “We are pleased to announce the successful completion of this transaction, which is an important step in executing our capital recycling strategy. The immediate application of the capital will be focused on reducing our debt thereby enabling us to strengthen our balance sheet. By reducing our debt, we create the capacity to redirect capital towards the announced pipeline of high-growth opportunities in our core markets of Hyderabad, Bengaluru, and Pune.

We remain confident that this strategy will generate superior returns over the long term and significantly transform our portfolio, reinforcing our commitment to delivering long-term value to our stakeholders”