SAMHI Hotels Receives KIADB Sanction for Whitefield Hotel Development Project
SAMHI Hotels Limited announced that its subsidiary ITHPL received KIADB sanction for layout plans of a proposed hotel building in Whitefield, Bangalore. The approval covers development of a second hotel with approximately 235 rooms, complementing the existing 142-room facility to create a total inventory of approximately 377 rooms across Upper Upscale and Upscale segments.
*this image is generated using AI for illustrative purposes only.
SAMHI Hotels Limited has received a significant regulatory approval for its hotel development project in Bangalore. The company's wholly owned subsidiary, Innmar Tourism and Hotels Private Limited (ITHPL), secured sanction from the Karnataka Industrial Area Development Board (KIADB) for layout plans of a proposed hotel building in Whitefield, Bangalore.
Project Details and Expansion Plans
The KIADB approval, received on 23rd February 2026, pertains to the layout plans for a proposed industrial building situated in Plot No. 134, 135, 136 (P) of EPIP, Whitefield Industrial Area, Bangalore. This development represents a significant expansion of the company's hospitality footprint in the region.
| Parameter: | Details |
|---|---|
| Approval Date: | 23rd February 2026 |
| Location: | Plot No. 134, 135, 136 (P), EPIP, Whitefield Industrial Area |
| New Hotel Capacity: | Approximately 235 rooms |
| Existing Hotel Capacity: | 142 rooms |
| Total Complex Inventory: | Approximately 377 rooms |
| Segment Categories: | Upper Upscale and Upscale |
Hotel Development Strategy
The project involves developing a second hotel facility that will complement the existing operating hotel at the same location. The new facility will feature approximately 235 rooms, bringing the total inventory of the hotel complex to approximately 377 rooms. This expansion strategy positions the company to serve both Upper Upscale and Upscale market segments.
Previous Disclosure Reference
This development follows the company's earlier disclosure submitted on 4th October 2024 regarding the acquisition of SPV - Innmar Tourism and Hotels Private Limited. The original plan outlined the development of 200-220 rooms in the Upper Upscale segment under the 'Westin Hotels & Resorts' brand in Whitefield, Bangalore.
Regulatory Compliance
SAMHI Hotels submitted this update under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015. The disclosure was signed by Sanjay Jain, Senior Director - Corporate Affairs, Company Secretary and Compliance Officer, and communicated to both BSE Limited and National Stock Exchange of India Limited on 24th February 2026.
Historical Stock Returns for Samhi Hotels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.72% | -1.45% | -7.79% | -22.41% | +7.48% | +13.06% |
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