Samhi Hotels Limited has informed the Exchange about the transcripts of the Business Update Call held on Friday, 06th March 2026, as enclosed for your records.
SAMHI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Samhi Hotels announced it is acquiring a 70% stake in RARE India, a 23-year-old leisure hospitality platform representing 67 hotels with about 990 rooms across 15 states in India, Bhutan, and Nepal. Total investment is capped at INR 47 crores (over 12 months) for a 70% stake at a pre-money enterprise value of INR 49 crores, translating to roughly INR 4.5 lakh per room. RARE will be affiliated with Marriott as the exclusive platform for the 'Outdoor Collection by Marriott Bonvoy.' Management targets INR 90-100 crore revenue from this platform in 3-4 years (vs. INR 3 crore currently), driven by B2B-to-B2C transition, an active pipeline of 25-30 hotels taking the network to ~100 and then 120-150, and expected 60-70% return on capital. RARE hotels currently average INR 25,000+ daily rates (30% above INR 45,000) with 35-45% occupancy. This is Samhi's first asset-light investment and first foray into leisure, though management stressed the core focus remains Tier-1 business hotels.
This is a small, optionality-creating diversification move for Samhi - the INR 47 crore investment is only ~10% of annual free cash flow, limiting downside. Management believes the investment can be recovered in 18-24 months once the platform is integrated, with potential 5-6x returns if executed well. Shareholders should view it as a low-risk, high-optionality adjacency play rather than a strategy shift, with leisure still expected to be only 5-7% of revenue by FY30.