Samhi Hotels inks deal with Ingka Centres for 162-room hotel in Noida
Samhi Hotels, via its subsidiary SAMHI Skyline, has agreed to lease an approximately 162-room upscale hotel within Ingka Centres' upcoming 2.5 million sq. ft. mixed-use development in Noida. The project will operate under SAMHI's capital-efficient, long-term variable lease model.
The agreement involves a significant development in a key region, expanding the company's portfolio. However, it is a leasing agreement and not a direct acquisition, moderating the immediate impact.
The announcement details a strategic partnership and expansion into a new development, which is positive for the company's growth prospects.
Samhi Hotels Limited (SAMHI), through its wholly owned subsidiary SAMHI Skyline Private Limited, has entered into an agreement with Ingka Centres India Private Limited, part of the Ingka Group, for leasing an upscale approximately 162-room hotel. This hotel will be situated within Ingka Centres’ upcoming approximately 2.5 million sq. ft. mixed-use development in Noida, Uttar Pradesh.
The project is envisioned as a marquee development to enhance Noida's position as a commercial and hospitality hub in the Delhi NCR region. The hotel will be part of Ingka Centres’ mixed-use Meeting Places concept, aiming to create a modern retail-led destination that blends shopping, leisure, and community experiences.
This collaboration highlights SAMHI's strategy of partnering with leading institutional organizations, leveraging Ingka Centres’ global development expertise. The hotel will be located within a high-quality mixed-use ecosystem, expected to benefit from strong captive demand. The project will be executed under SAMHI’s long-term variable lease model, a capital-light approach where Ingka will lease the building with facade and engineering, and SAMHI will invest in interior fit-outs. The hotel will be managed under an international brand to be determined.
This development further expands SAMHI’s footprint in the Delhi NCR region, adding to its existing properties like Hyatt Place Gurgaon, Holiday Inn Express Gurgaon, and Holiday Inn Express Greater Noida.
Ashish Jakhanwala, Chairman & Managing Director of SAMHI Hotels Ltd., stated that this partnership with Ingka Centres is a significant milestone, allowing SAMHI to scale through its capital-efficient model in the NCR. Giovanni Princiotta Cariddi, Country Manager India, Ingka Centres, expressed excitement about the collaboration, emphasizing the vision to create vibrant mixed-use destinations.
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Samhi Hotels Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Samhi Hotels Limited. Read the original for the full detail.