SAMHI

completed

SAMHI Hotels Private Limited (“SAMHI” or the “Company”), incorporated in 2010, is the flagship holding and operating company of the SAMHI group, which comprises of joint ventures and subsidiaries. (the “Group”). The Group is involved in the development and ownership of a portfolio of hotels across India including in economy and midscale segments. SAMHI’s hotel properties are operated by major global hotel operators like Accor, Marriott, Hyatt and Starwood under their brand names. SAMHI has also entered into 2 joint ventures with international hotel operators Marriott and Accor. SAMHI JV Business Hotels Private Limited (“SAMHI JV”) (held 67% by SAMHI and 33% by Marriott through Luxury Singapore Holding Company Pte. Ltd.) is mainly focused on development of midscale brand “Fairfield” across India along with other Marriott owned brands. Barque Hotels Private Limited (“Barque”) (held 60% by SAMHI and 40% by Accor through AAPC Singapore Pte. Ltd.) is an SPV currently developing a portfolio of 17 low-budget economy hotels (4 already operational) with planned room inventory of around 2000 across various cities in India. All the properties under Barque are managed and operated by Accor under its global “Formule1” brand (F1). SAMHI is currently implementing its growth plan, through the development of a portfolio of 27 hotels (7 operational, 17 under development, 3 more acquisitions in pipeline, comprising around 4000 rooms). The financial closure for debt and equity component for this identified portfolio is mostly complete.The Group is also exploring opportunities to add approximately 10 more assets (around 1500 rooms) to the portfolio. These assets would primarily be in the midscale segment but some could be developed or acquired in economy/budget segment. This may encompass the development of roughly 5 new greenfield hotels, and may also include acquisition and/or rebranding of roughly 5 brownfield properties. However, the exact mix will be determined depending on the opportunities opening up to the Group going forward.