Piramal Capital and Housing Finance (PCHFL), recently announced an investment of ₹650 crore in Gurgaon-based hotel building player SAMHI Hotels. PCHFL, which is a wholly owned subsidiary of Piramal Enterprises, said the structured financing will allow SAMHI to refinance existing lenders across three assets including the Courtyard and Fairfield by Marriott in Bengaluru, the Sheraton in Hyderabad, and Hyatt Regency in Pune. In the recent past, PCHFL had invested ₹600 crore in Gurgaon-based Vatika Group for their Westin Gurgaon and the Westin Sohna properties, and ₹600 crore in Advantage Raheja Group for their JW Marriott, Bengaluru and Crowne Plaza, Pune properties. The partnership is for three hotels where it is refinancing the existing loans. The refinancing will free up a lot of cash for 2018, 2019 and 2020, said founder of SAMHI, Ashish Jakhanwala, adding that the company has interesting opportunities emerging for acquisition in the hospitality space and this will improve its internal accruals which will help pursue the growth opportunities.
📅Published on:
24 July 2018
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
