Samhi Hotels to Acquire Majority Stake in Rare India and Expand Portfolio

Samhi Hotels plans to expand its business to a 3,000 crore topline from the current 1,200 crore by adding new properties in cities like Hyderabad and Bengaluru. The company has approved acquiring a 70% stake in Rare India, a platform for boutique and experiential hotels, for Rs 47 crore. This acquisition includes an affiliation agreement with Marriott International, allowing Rare India to operate under Marriott's Outdoor Collection brand across South Asia, enhancing its global distribution and growth potential.