JKB Financial Services Ltd.

As on : 25-Feb-2026

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25-Feb-2026 13:53

Samhi Hotels gains as partners with Marriott to launch two new hotels in Navi Mumbai, Thane

The proposed developments comprise an approximately 350-room upper-upscale hotel under the Westin Hotels & Resorts brand and a roughly 350-room upper mid-scale hotel under Fairfield by Marriott. The agreements further deepen SAMHI's partnership with Marriott and strengthen its presence in the fast-growing Navi Mumbai'Thane hospitality corridor.

The addition of upper-upscale and upper mid-scale assets is expected to enhance SAMHI's branded portfolio, improve its positioning among corporate travellers and drive long-term asset utilisation in a high-growth urban micro-market.

Separately, the company said its subsidiary ITHPL has received layout plan approval from the Karnataka Industrial Areas Development Board (KIADB) for a proposed hotel project in Whitefield, Bengaluru.

The approval, granted on 23 February 2026, pertains to the development of a second hotel building at Plot Nos. 134, 135, 136 (P), EPIP, Whitefield Industrial Area. The new project will add around 235 rooms, complementing the existing 142-room facility, taking the total inventory to approximately 377 rooms across the upper-upscale and upscale segments.

The development marks a significant expansion of SAMHI Hotels' hospitality footprint in Bengaluru, reinforcing its strategy of scaling presence in high-demand commercial hubs.

Samhi Hotels is a hotel development and investment company with focus on operating internationally branded hotels across key cities in the Indian sub- continent.

The company's consolidated net profit jumped 75.1% to Rs 40.58 crore on 15.6% increase in revenue from operations to Rs 337.75 crore in Q3 FY26 over Q3 FY25.

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