Equity International to invest in SAMHI

6th November 2011 (Last Updated November 6th, 2011 18:30)

US-based investment firm Equity International is to invest $75m in Indian developer and hotel owner SAMHI, which has a partnership with Marriott Hotels.

US-based investment firm Equity International is to invest $75m in Indian developer and hotel owner SAMHI, which has a partnership with Marriott Hotels.

SAMHI has already begun developing properties in Bangalore, Chennai and Gurgaon in a project comprising four hotels and 630 rooms with Courtyard and the Fairfield by Marriott and Hyatt Place brands.

SAMHI recently formed a joint venture with Marriott Hotels to develop mid-scale and economy hotels across key Indian cities and will set up properties in markets including Delhi, Mumbai, Hyderabad, Pune and Kolkata.