Samhi Hotels Limited has informed the Exchange about its Business Update Note on securing partnership with INGKA Centres for leasing an upscale 162 rooms upscale hotel in Noida is enclosed for your information & records

Samhi Hotels has entered into a partnership with INGKA Centres (part of Ingka Group/IKEA ecosystem) to lease an upscale 162-room hotel in Sector 51, Noida. The hotel will occupy floors 29-37 of Tower 1 within a landmark ~2.5 million sq. ft. mixed-use development. INGKA will lease the building shell while SAMHI invests in interior fit-outs. The hotel will feature 2 F&B outlets, ~3,800 sq. ft. meeting space, gym, pool and spa, to be operated under an international upscale brand. Post-transaction, SAMHI's total inventory increases by 3% to 6,524 rooms, with Upper Upscale & Upscale segment growing 7%. Delhi NCR presence jumps 32% from 514 to 676 rooms.