Samhi Hotels Acquires 70% Stake In Rare India, Announces Growth Plans
Photo Credit: Rare India's Golden Haveli, Old Delhi. Rare India
Skift Take
Samhi Hotels’ growth once again highlights the changing landscape of the hospitality industry in India. And for Rare India, it is an opportunity to use strong partnerships as leverage to grow in the experiential travel segment.
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
