SAMHI Hotels subsidiary signs lease for 162-room upscale hotel in Noida

SAMHI Hotels' wholly owned subsidiary SAMHI Skyline has signed a long-term lease/sub-lease with INGKA Centres India (part of Ingka/IKEA Group) for a proposed ~162-room upscale hotel in Noida, UP. The hotel, with ~15,022 sqm built-up area, will be part of a mixed-use development including commercial, office and hospitality components. Rent is structured as a percentage of net hotel revenue. The hotel will be managed under an international brand to be decided later. The deal is subject to building sanctions and is not a related-party transaction. This aligns with SAMHI's capital-efficient, asset-light growth strategy, adding inventory in a key NCR market.