Branded hotel ownership and asset management platform Samhi Hotels Ltd announced on Wednesday (April 15) that it has signed a long-term lease/sub-lease agreement for a 162-room upscale hotel project in Noida through its wholly owned subsidiary, SAMHI Skyline Private Ltd. According to reports from CNBC TV18, the agreement was executed on April 15, 2026, with INGKA Centres India Private Ltd, part of the Ingka Group that operates IKEA Retail, Ingka Centres and Ingka Investments. The transaction is structured as a long-term lease arrangement with rent payable by SAMHI Skyline calculated as a percentage of net revenue generated from hotel operations, with the company also paying applicable ancillary service and utility charges. The rental payment structure is based on a revenue-share model, meaning SAMHI Skyline will pay a percentage of the hotel's net operating revenue, while the lessor INGKA Centres is responsible for constructing the hotel building.
The proposed hotel will be developed as part of a mixed-use development at E-01, Sector-51, Noida, Gautambuddha Nagar, Uttar Pradesh. As reported by CNBC TV18, the mixed-use project will comprise commercial, hospitality, office space and other ancillary components. The agreement covers an estimated built-up area of 15,022 square metres for the hotel. The development will be undertaken by the lessor within a specified timeline, with SAMHI Skyline taking possession after completion of the lessor's scope of work for hotel fit-outs and branding. The hotel will be operated under an international brand, which will be determined later.
This expansion move supports SAMHI Hotels' disciplined, capital-efficient growth strategy while further densifying the company's presence in core markets across multiple price points. The agreement is subject to the fulfilment of certain conditions, including receipt of the requisite building sanctions, following which the lease deed will be executed. The company has confirmed that this transaction does not fall under related party transactions and there is no shareholding relationship between the parties involved. No special rights, board nominations, or capital structure-related provisions are part of the agreement. The lessor INGKA Centres will be responsible for constructing the hotel building, while SAMHI Skyline will handle interior fit-outs and branding once construction is complete.
Shares of Samhi Hotels Ltd ended at ₹160.30, up by ₹3.75, or 2.40% on the BSE following the announcement. The positive stock movement suggests investor approval of the company's expansion plans in the growing hospitality market. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to transparent corporate governance practices. Additionally, Asian Hotels (West) Ltd, a peer company in the hospitality sector, has shown strong performance with shares up 5.00% to ₹192.74 as of April 15, 2026, indicating broader positive sentiment in the hospitality sector.
