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

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