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Hotel stock jumps after it sells 100% stake in Duet India Hotels

Hotel stock sold its Chennai OMR asset for ₹53.5 crore, enhancing efficiency, focusing on high-performing properties to strengthen financial stability and drive long-term growth in India’s hospitality sector.
Hotel stock sold Chennai OMR asset for ₹53.5 crore, enhancing efficiency and financial stability.
Hotel stock sold Chennai OMR asset for ₹53.5 crore, enhancing efficiency and financial stability.

Introduction:

Hotel stock has divested its Chennai OMR hotel asset for ₹53.5 crore, optimizing its portfolio. This strategic move enhances operational efficiency, refocusing on high-performing properties to strengthen its financial position and drive long-term growth in India’s expanding hospitality sector.

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Share Price movement of Samhi Hotels:

On February 10, 2025, Samhi Hotels Ltd opened at ₹154.60, reaching a high of ₹161.55 up 4.49%  from its previous close of ₹154.60 and a low of ₹148.60. Currently, it is trading at ₹148.85, with a market cap of ₹3,275.48 crore.

Samhi Hotels share price rise:

Samhi Hotels Limited has sold 100% of its stake in Duet India Hotels (Chennai OMR) Pvt. Ltd. to Greenpark Hotels and Resorts Limited for an enterprise value of ₹53.5 crore. This transaction is part of SAMHI’s strategic asset management and portfolio optimization.  

Duet Chennai OMR, acquired in August 2023 under the ACIC Portfolio, owns 116 rooms at Four Points by Sheraton, Chennai OMR. For the nine-month period ending December 2024, the property generated ₹11 crore in revenue, with ₹2.3 crore EBITDA, but reported a ₹3.3 crore net loss.  

The sale aligns with SAMHI’s business strategy to enhance operational efficiency and focus on high-performing assets. By divesting this property, the company aims to strengthen its financial position and streamline its portfolio to drive long-term growth in India’s hospitality sector.

Also Read: Railway stock jumps after it receives order worth ₹355 Cr for Kavach equipment

Recent news About Samhi Hotels:

In November 2024, SAMHI Hotels signed a long-term variable lease for a ready building in Hitec City, Hyderabad, to convert it into an upper upscale hotel. This project, set to launch by FY27, marks India’s first office-to-hotel conversion, reflecting SAMHI’s innovative approach to expanding its portfolio. 

Ace investor holding of Samhi Hotels:

Madhuri Madhusudan Kela holds 37,48,681 shares of Samhi Hotels Ltd at ₹149.1 per share, representing a 1.70% stake valued at ₹55.9 crore. Her holding remains unchanged from the previous quarter, indicating long-term confidence in the company’s growth potential within the hospitality sector.

Stock performance of Samhi Hotels for Period of 1 week, 6 months and 1 year:

Samhi Hotels’ stock declined 10.3% over the past week, reflecting short-term volatility. Over six months, it dropped 18.2%, indicating a prolonged downturn. On a yearly basis, the stock fell 21.0%, showing consistent weakness, likely influenced by market conditions and business performance challenges.

Also Read:  Oil stock jumps after it partners with BP for India’s largest offshore oil field

Shareholding pattern of Samhi Hotels:

All values in %Dec-24Sep-24Jun-24
FII54.7658.3863.51
DII18.5619.6717.89
Retail & others26.6921.9518.6
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About Samhi Hotels:

Samhi Hotels Ltd is a prominent branded hotel ownership and asset management platform in India. The company focuses on operating branded hotels, offering services in the luxury, mid-scale, and economy segments, while leveraging strong partnerships with international hotel brands for growth.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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