Insight
Samhi Hotels acquired a 70% stake in Rare India for INR 470 million ($5.11 million), entering the experiential leisure segment.
Samhi Hotels Acquires 70% Stake In Rare India, Announces Growth Plans
Summary
Samhi Hotels is expanding in India by acquiring a majority stake in Rare India, a platform for heritage hotels and experiential stays. This move into the experiential leisure segment is coupled with new developments in Mumbai and Bengaluru and an affiliation with Marriott, offering new possibilities. The acquisition values Rare India at INR 470 million (approximately $5.11 million).
Key takeaway