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  5. SAMHI Acquires Ascent Hotels Pvt.

M&A Deal Summary

SAMHI Acquires Ascent Hotels Pvt.

On February 9, 2016, SAMHI acquired leisure company Ascent Hotels Pvt.

Acquisition Highlights
  • This is SAMHI’s 1st transaction in the Leisure sector.
  • This is SAMHI’s 1st transaction in India.

M&A Deal Summary
Date 2016-02-09
Target Ascent Hotels Pvt.
Sector Leisure
Buyer(s) SAMHI
Deal Type Add-on Acquisition

Target

Ascent Hotels Pvt.

Mumbai, India
Ascent Hotels Pvt. Ltd. is an owner and operator of 220-room hotel hyatt regency as well as 102 serviced apartments operating under the same brand.

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Buyer(S) 1

Buyer

SAMHI

Gurugram, India
Category Company
Founded 2010
Sector Real Estate
DESCRIPTION

SAMHI is a hospitality property company focused on the development, acquisition, and ownership of select-service, business-class hotels across India. SAMHI has commenced the development of properties in Bangalore, Chennai, and Gurgaon with brands such as Courtyard and Fairfield by Marriott and Hyatt Place. SAMHI was founded in 2010 and is based in Gurugram, Haryana.

DEAL STATS #
Overall 1 of 1
Sector: Leisure M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2016 M&A 1 of 1
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