Business Standard

Piramal to invest Rs 6.5 bn as structured debt in hotel operator Samhi

Investment is the third in hospitality by Piramal, will allow Samhi Group, which owns 29 properties, to support growth plans and refinance existing lenders across three assets

vatika hotels
Premium

BS Reporter Mumbai
Piramal Capital & Housing Finance, a unit of Piramal Enterprises, said on Monday that it will invest Rs 6.5 billion in Gurugram-based hotel operator Samhi Group. 

The Samhi Group owns about 29 hotels. This structured debt investment will allow Samhi Group to support its growth plans and refinance existing lenders across three assets -– The Courtyard and Fairfield by Marriott in Bangalore, the Sheraton in Hyderabad and the Hyatt Regency in Pune, Piramal said in a release.

This is the third major investment made by Piramal in the hospitality sector over last six months. Prior to this, it had invested

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 23 2018 | 9:45 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com