Samhi Hotels Secures Upscale 162-Room Hotel in Noida as Part of Ingka Centre's Mixed-Use Development
Samhi Hotels Ltd. has finalized an agreement with an affiliate of Ingka Centres, part of the Ingka Group, to operate and lease an upscale hotel featuring approximately 162 rooms in Noida. This new asset is strategically located within Ingka Centres' upcoming mixed-use development in Sector 51, Noida.The hotel will be part of a large-scale, under-construction marquee mixed-use complex totaling approximately 2.5 million sq. ft. This development is part of Ingka Centres' mixed-use Meeting Places concept, which aims to create a modern, retail-led destination blending shopping, leisure, and community-focused experiences while supporting local businesses and workspaces.
Under the terms of the agreement, Ingka Centres will lease the building, including the façade and all high-side engineering. Samhi Hotels, meanwhile, will be responsible for investing in the interior fit-outs. The hotel is proposed to be positioned under an international upscale brand, which will be determined in due course.
Strategic Market Positioning
The partnership significantly strengthens Samhi Hotels' presence within the Delhi NCR region, a major Indian hospitality market. The project benefits from its location in Sector 51/52, an emerging micromarket within Noida's commercial ecosystem. Its proximity to key areas like the CBD, Sector 62, and Noida Expressway office hubs enables the capture of incremental demand from established office corridors.Samhi Hotels views this acquisition as key to reinforcing its stated growth strategy, which emphasizes scaling through capital-efficient lease structures. By integrating into a landmark mixed-use destination, the company enhances its portfolio mix with premium inventory in high-growth urban markets.
The Noida hospitality market is noted for having strong occupancy and rate profiles, presenting an opportunity for a new-build, internationally branded upscale product capable of achieving premium pricing and abovemarket performance.
Asset Overview
The hotel unit is situated across the 29th to 37th floors of Tower 1 within the dual-tower development.Key specifications for the upscale asset include:
| Feature | Detail |
|---|---|
| Brand/Segment | Upscale |
| Rooms | 162 |
| Room Size | 32-68 sq. mt. |
| Meeting Space | ~3,800 sq. ft. |
| F&B Outlets | 2 |
| Amenities | Gym, Pool, Spa |
Portfolio Impact
The incorporation of this new asset updates Samhi Hotels' overall room inventory, bolstering its Upper Upscale & Upscale segment.The updated portfolio impact is summarized below:
| Category | Existing Portfolio | Post Transaction | Grand Total |
|---|---|---|---|
| Upper Upscale & Upscale | 2,363 (Bengaluru (3)) | +162 (Delhi NCR) | 2,525 |
| Upper Mid-scale | 2,010 (Bengaluru (3) Hyderabad Chennai (2) Pune Mumbai Others (4)) | 2,010 | |
| Mid-scale | 1,989 (Bengaluru (2) Delhi NCR (2 @) | 1,989 | |
| Grand Total | 6,362 (Including 1,436 under development & 473 under re-branding) | 6,524 |
The inclusion of this hotel in the Delhi NCR market increases the company's inventory presence significantly:
| Category | Existing Portfolio | Post Transaction | Grand Total |
|---|---|---|---|
| Upper Upscale & Upscale | 176 | +162 | 338 |
| Upper Mid-scale | - | - | |
| Mid-scale | 338 (Express, Gurugram (Sohna Road) Holiday Inn Express, Greater Noida) | 338 | |
| Grand Total | 514 | +162 | 676 |
SAMHI Stock Price Movement
Today, Samhi Hotels Limited shares rallied, closing at ₹161.02 after gaining 2.61%. The equity settled today on a robust trading volume of 775,633 shares.Source:
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