SAMHI signs Agreement to Lease for 260-room Mid-Scale Hotel in Hyderabad’s Financial District

New Delhi: SAMHI Hotels Limited, a prominent branded hotel ownership and asset management platform in India, through its wholly owned subsidiary Barque Hotels Private Limited, has announced the signing of an Agreement to Lease (ATL) with Mrs. P Pramoda, Mrs. P Harika, and Aurean Eskar for a 260-room Mid-scale hotel to be developed as part of a mixed-use project in Hyderabad’s Financial District

Under the agreement, the building will be developed by Aurean Eskar and subsequently handed over to SAMHI for fitouts and branding. The estimated development cost for SAMHI’s scope of work is ₹1,250mn – ₹1,430mn.

The transaction has been structured as a long-term variable lease, aligning the interests of both parties by linking land value realization to the hotel’s operating performance. This model enables SAMHI to participate in market upside while maintaining a capital-efficient approach to growth.

This hotel will mark SAMHI’s third property in the Financial District, alongside the Sheraton with 326 rooms, including 42 under development, in the Upscale+ segment, and the Fairfield by Marriott with 232 rooms in the Upper Mid-Scale segment. With this addition, SAMHI will now serve three distinct price points in Hyderabad’s Financial District, a micro-market witnessing robust office space development and strong economic activity, thereby strengthening our positioning and ability to capture the area’s expanding demand base.

With this addition, SAMHI reinforces its strategy of building scale and density in core micro-markets by offering high-quality branded hotels across multiple segments, thereby optimizing portfolio returns and driving long-term value creation.

The transaction is subject to customary conditions subsequent (“CS”) items, and the final lease deed will be executed upon receipt of requisite building sanctions for the construction of the building.