Samhi Hotels to pick up 70% in Rare India for Rs. 47.39 crores
SAMHI and RARE have also signed a memorandum of understanding with Marriott International to explore affiliating RARE’s portfolio with Marriott’s global distribution ecosystem
Branded hotel ownership and asset management platform SAMHI Hotels is set to acquire a 70% stake in experiential hospitality platform RARE India for Rs. 47.39 cr, marking its entry into the experiential leisure segment through an asset-light investment model.
The company’s board approved the investment on March 5, according to a regulatory filing. The acquisition will be executed in two tranches, with SAMHI making a primary capital contribution and purchasing partnership interest from existing partners.
Alongside the acquisition, SAMHI and RARE have also signed a memorandum of understanding with Marriott International to explore affiliating RARE’s portfolio with Marriott’s global distribution ecosystem.
