GIC and SAMHI Hotels joint venture plans upscale and higher hotel in India
The Global institutional investor (GIC) and SAMHI Hotels have formed a joint venture (JV) to invest in upscale Indian hotels. Under the JV, GIC will acquire a 35% stake in three SAMHI subsidiaries for Rs 752 crore.
The three of SAMHI's subsidiaries are the ones that own Courtyard & Fairfield by Marriott Bengaluru ORR, Hyatt Regency Pune, and recently acquired Trinity Hotel in Bengaluru Whitefield.
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