Samhi Hotels shines as its arm signs lease deed for ready building in Hyderabad
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Samhi Hotels is currently trading at Rs. 193.20, up by 6.15 points or 3.29% from its previous closing of Rs. 187.05 on the BSE.
The scrip opened at Rs. 195.00 and has touched a high and low of Rs. 195.80 and Rs. 186.60 respectively. So far 60121 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 237.80 on 27-Feb-2024 and a 52 week low of Rs. 146.60 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 195.80 and Rs. 180.60 respectively. The current market cap of the company is Rs. 4276.72 crore.
The Institutions holding in the company stood at 78.06%, while Non-Institutions held 21.95% in the company.
Samhi Hotels’ wholly-owned subsidiary -- Duet India Hotels (Hyderabad) has completed the execution of Lease Deed on November 07, 2024 for a ready building with around 270,000 sq. ft. of Built-up Area in Hitec City, Hyderabad. The transaction is being done on a long-term variable lease model.
The company proposes to complete the fit-outs to convert the existing office building into an Upper Upscale hotel with 170-175 rooms in Hitec City, Hyderabad, one of India’s key commercial markets with over 65mn sq. ft. of grade-A office space. This development would further strengthen Samhi’s presence in the core market of Hyderabad from the current inventory of 878 rooms to around 1,050 rooms.
Samhi Hotels acquires/builds primary hotels and thereafter renovates, rebrands and rerates the property and runs it.
