Samhi Hotels Is Looking to Double Its Upscale Portfolio

Hotel ownership and asset management platform Samhi Hotels is planning to change its portfolio construct and double its upper upscale and upscale hotel room inventory to 2,000 rooms. “This segment of hotels operate at a much higher revenue per room as compared to our current portfolio average,” co-founder and CEO Ashish Jakhanwala told investors in Samhi’s latest earnings call.

The company has started adding rooms to some of its existing properties. By next year, 54 rooms will be added to Sheraton Hyderabad and 22 to Hyatt Regency Pune. “And since these are part of existing operating hotels, the stabilization timeline shall be very rapid,” he said. 

Apart from this, the W Hotel in HITEC City, Hyderabad and the Westin Tribute Combo Hotel in Bangaluru, Whitefield will together add about 530 rooms in key and high-performing micro markets. 

In 2023, Samhi had acquired hotel chain ACIC Hotels, including its 6 properties. It is now repositioning two of the upper-midscale assets from ACIC: These will be converted into a 217-room Courtyard by Marriott in Pune and a 114-key Tribute Portfolio in Jaipur. 

“In our upper-midscale portfolio, we are adding about 80 rooms to our existing Fairfield By Marriott in Chennai. The existing 153-room hotel has seen strong performance within our portfolio. And after this expansion, that hotel would be 230 rooms,” Jakhanwala sai