SAMHI Hotels has formalized its strategic partnership with Marriott International through detailed operating agreements for two hotel properties in Navi Mumbai. The agreements were signed on February 24, 2026, by Duet India Hotels (Navi Mumbai) Private Limited, a wholly owned subsidiary of SAMHI Hotels, with Marriott Hotels India Private Limited and its affiliates.

Operating Agreement Details

The partnership encompasses two distinct hotel properties, each targeting different market segments in the Navi Mumbai hospitality sector. Both properties are strategically located in Thane, Maharashtra, positioning them to serve the growing business and leisure travel demand in the Mumbai metropolitan region.

Regulatory Compliance and Structure

The agreements were disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015. The operating structure involves Duet India Hotels (Navi Mumbai) Private Limited, which serves as the asset-holding entity for these properties within the SAMHI Hotels portfolio.

Brand Portfolio Expansion

This partnership introduces two premium Marriott brands to SAMHI's portfolio. The Westin brand represents the upper upscale segment, targeting luxury business and leisure travelers, while Fairfield by Marriott caters to the upper mid-scale market segment. This dual-brand approach allows SAMHI to capture different customer segments within the same geographic market.

Strategic Market Positioning

The collaboration further expands SAMHI's existing partnership with Marriott International, strengthening the company's presence in the Mumbai metropolitan area. With approximately 700 rooms combined across both properties, this partnership significantly enhances SAMHI's accommodation capacity in one of India's key commercial and financial centers.

The formal agreements mark a substantial step in SAMHI Hotels' expansion strategy, leveraging Marriott's established operational expertise and global brand recognition to maximize the potential of these Navi Mumbai assets.

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.

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.