This project further expands SAMHI’s footprint in the Delhi NCR region

SAMHI expects to enter into definitive agreements by May 2026, marking SAMHI’s entry into the experiential leisure segment

This signing will further expand Samhi’s partnership with Marriott

The newly incorporated entity belongs to hospitality industry

The estimated development cost for SAMHI’s scope of work is around Rs 125 crore - Rs 143 crore

The total consolidated income of the company increased by 11.63% at Rs 323.60 crore for Q4FY25

The said transaction is expected to be completed on or before May 23, 2025

The hotel, with 113 rooms, shall now be managed and operated by IHG under a long-term management contract

The hotels are located in high density office micro-markets in Bengaluru and Pune with favorable demand growth and high barriers to entry for new supply

Duet Chennai OMR was acquired as part of the ACIC Portfolio transaction in August 2023 and owns the 116 rooms at Four Points by Sheraton, Chennai OMR

The transaction is being done on a long-term variable lease model

The Board of Directors of the company in its meeting held on October 4, 2024 has considered and approved the same

The shares were disposed of at an average price of Rs 200.55 apiece

There is no change in the shareholding percentage of the Company in Duet Pune and Duet Ahmedabad, pursuant to such acquisitions