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Indian hotel owner and asset management company Samhi Hotels is accelerating its business. Along with acquiring a 70% stake in Rare India as an asset-light platform investment, it is ramping up operations with new developments across Mumbai and Bengaluru.
Samhi Hotels on Friday said in a statement that it has received approval to acquire a majority stake of 70% in Rare India – a platform for heritage hotels, retreats and experiential stays. The acquisition is valued for INR 470 million ($5.11 million).
In an investor presentation, Samhi said, “This follows Samhi’s time tested strategy of discovering under-valued/under-appreciated assets in the sector.” The acquisition will mark Samhi’s foray into the experiential leisure segment, it said.
For Rare, partnering with Samhi has come with an additional advantage – an affiliation with Marriott, a long-established operator for Samhi’s properties.
Samhi and Rare’s new Memo
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