SAMHI Hotels shares jump 5% on inking pact with Ingka Centres; all about the deal

The project will be executed under SAMHI's long-term variable lease model, ensuring strong alignment of interests while maintaining a capital-light approach, SAMHI Hotels stated.

The hotel will be managed under an international hotel brand to be determined in due course, it added.

Ingka Centres India is a part of the Ingka Group, which operates three businesses: IKEA Retail, Ingka Centres, and Ingka Investments.

The hotel will form part of Ingka Centres' mixed-use meeting places concept.

What the MD said

Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels Ltd, said: “This partnership with Ingka Centres represents a significant milestone for SAMHI as we continue to scale through our capital-efficient, long-term variable lease model in the National Capital Region."

"The Noida project is a marquee development with strong underlying demand drivers, and we are delighted to collaborate with world-class partners in Ingka to deliver a landmark hospitality asset," the MD added.

Other details

Another reason why hotel stocks, including SAMHI Hotels, were in focus is the latest outlook for India's hotel industry by CBRE.

CBRE stands for Coldwell Banker Richard Ellis.

According to CBRE, India's hotel industry's market size is estimated to reach around $31 billion by 2029 from nearly $25 billion in 2024, driven by growth in domestic tourism.

In its latest report, real estate consultant CBRE said India's listed hotel operators are projected to add over 70,000 keys by 2030. It did not mention the current operational rooms of the listed hotel companies.

"The industry's market size is projected to rise from approximately $24.6 billion in 2024 to about $31 billion by 2029. Domestic tourism is likely to lead this growth, having posted a 40% year-on-year rise in visits to 4.1 billion in 2025," the consultant said.

Anshuman Magazine, Chairman & CEO – India, South-East Asia, Middle East & Africa, CBRE, said the hospitality sector's trajectory is a testament to India's economic resilience, supported by rising disposable incomes and improving accessibility.

About SAMHI Hotels

SAMHI Hotels Limited is a hotel ownership and asset management platform. The company has a single operating segment, namely the development and operation of hotels. It has a portfolio of hotels categorised under Midscale, Upper Midscale, Upper Upscale & Upscale.

The company has a diverse geographic presence in 14 cities across India, including the National Capital Region (NCR), Bengaluru, Hyderabad, Chennai, Gurugram, and Pune.

Its operating hotels include Hyatt Regency, Pune; Sheraton, Hyderabad; Courtyard By Marriott, Bengaluru; Hyatt Place, Gurugram; Renaissance Hotel, Ahmedabad; Four Points By Sheraton, Vishakhapatnam; Fairfield By Marriott, Bengaluru; Fairfield By Marriott, Coimbatore; Fairfield By Marriott, Gachibowli; Four Points By Sheraton, Chennai; Holiday Inn Express, Pune; Holiday Inn Express, Gurugram; and others.