Samhi Hotel Shares Jump 4% After Signing Agreement with Marriott & Westin to Expand Operations

Synopsis: Hotel stock gained over 4% after its subsidiary signed new agreements to expand operations in Navi Mumbai, Thane adding two large-scale hotels with a combined total of around 700 rooms, strengthening its upscale portfolio.

The shares of this company, which focuses on owning and acquiring, renovating, and upgrading existing hotels to improve performance (acquisition-led turnaround strategy), are in focus after signing multiple agreements.

With the market capitalization of Rs  3,672 crore, Samhi Hotels Ltd’s shares on Wednesday made a day high of Rs 169.15 per share, up by 4.2 percent from its previous day’s close price of Rs 162.20  per share. The shares of this company have given a return of 10 percent over one year.

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On 24 February 2026, Duet India Hotels (Navi Mumbai) Private Limited, a wholly owned subsidiary of the Company, signed operating agreements for its hotel assets in Navi Mumbai, Thane, with Marriott Hotels India Private Limited and its affiliates. This development strengthens and expands SAMHI’s existing partnership with Marriott.

Under the agreements, a 350-room upper upscale hotel will operate under the Westin brand, while another 350-room upper mid-scale hotel will be branded Fairfield by Marriott. These signings mark a significant step in enhancing the company’s hospitality portfolio in the Navi Mumbai market.

This announcement came following the disclosure on 04 October 2024 regarding the proposed Upper Upscale hotel in Whitefield, Bangalore, under the Westin brand. On 23 February 2026, ITHPL received KIADB approval to develop a second hotel with 235 rooms, bringing the total inventory to approximately 377 rooms.

SAMHI is a prominent branded hotel ownership and asset management platform in India. AMHI has long-term management arrangements with three of the established and well-recognized global hotel operators, namely, Marriott, IHG, and Hyatt. SAMHI has a portfolio of 31 operating hotels comprising 4,904 keys and has a diverse geographic presence in 14 cities across India, including the National Capital Region (NCR), Bengaluru, Hyderabad, Chennai, and Pune.  

Financial highlights:  The revenue from operations grew by 16 percent to Rs 338 crore in Q3 FY26, corresponding to the same quarter in the last financial year. This was accompanied by a net profit growth of 111 percent to Rs 48.1 crore in Q3 FY26 from Rs 22.8 crore in Q3 FY25, resulting in an EPS growth of 72 percent to Rs 1.79 per share in Q3 FY26.

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