Wife of Madhusudan Kela Holds 1.69 Per Cent Stake: Branded Hotel Management Company Forms Rs 2,200 Crore Joint Venture With Global Giant GIC To Operate 5 Premium Hotels
Among the public shareholders, notable individual investors include Madhuri Madhusudan Kela holding a 1.69 per cent stake, Ajay Kumar Aggarwal with 1.11 per cent, and Ashish Jakhanwala holding 1.03 per cent.
The upscale and higher hotel assets in India will receive investment support through a strategic partnership between SAMHI Hotels Ltd. and GIC which serves as a prominent worldwide institutional investor. The joint venture between SAMHI Hotels Ltd and GIC will begin operations with five SAMHI hotels worth approximately Rs 2,200 crores while GIC will purchase a substantial minority interest. The hotels are strategically positioned within the sought-after neighborhoods of Bengaluru and Pune. The investment totals up to USD 300 million which will serve three purposes: capital expenditures and acquiring additional hotels and decreasing hotel debt. Under this partnership SAMHI will take charge of running all operational and development assets within the platform.
The CEO and Managing Director Ashish Jakhanwala expressed his satisfaction about announcing this transformative partnership with GIC. Through our successful hotel operations in India we have demonstrated expertise while GIC provides essential institutional capabilities that benefit our organization. The partnership exists to enhance SAMHI's financial position and increase its holdings by applying its 'category conversion' approach.
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The Indian hospitality industry operates SAMHI Hotels Ltd as its primary branded hotel ownership platform that specialises in asset management and acquisition-driven transformation. Under its management the company operates 31 hotels which amount to 4,801 keys across 13 locations including major cities such as NCR and Bengaluru, Hyderabad and Chennai and Pune. The hotel brand alliance between SAMHI and Marriott IHG and Hyatt enables customers to access their loyalty systems and management support.
The company divides its hotels into three segments: Upper Upscale and Upscale, Upper Mid-scale, and Mid-scale with occupancy rates between 72 per cent and 74 per cent. Recent business developments include SAMHI acquiring 962 hotel keys spread across six properties as well as purchasing land to build a new hotel in Navi Mumbai. SAMHI has managed to decrease its debt levels from Rs 2,833 crores in FY23 to Rs 1,824 crores in FY24. The IPO launched by SAMHI in September 2023 brought in Rs 1,370 crores for using funds to pay down debt and for general corporate needs.
The stock price of SAMHI Hotels Ltd. is Rs 174.05. The stock has recorded a 52-week high of Rs 217.70 and a 52-week low of Rs 137.70. The company's market capitalisation stands at Rs 3,850 crore. Over the past year, the stock has delivered a negative return of -10.51 per cent. The Price-to-Earnings (PE) ratio is currently 76.57.
Among the public shareholders, notable individual investors include Madhuri Madhusudan Kela holding a 1.69 per cent stake, Ajay Kumar Aggarwal with 1.11 per cent, and Ashish Jakhanwala holding 1.03 per cent. The company has a significant portion of its ownership held by public shareholders.
Disclaimer: The article is for informational purposes only and not investment advice.