Restaurant India News: SAMHI Strengthens Hyderabad Portfolio with New Mixed-Use Hospitality Project

SAMHI Hotels Limited, a leading branded hotel ownership and asset management platform in India, has announced the signing of an Agreement to Lease (ATL) for a ~260-room mid-scale hotel in Hyderabad’s Financial District. The deal, executed through its wholly owned subsidiary Barque Hotels Private Limited, has been signed with Mrs. P Pramoda, Mrs. P Harika, and Aurean Eskar (the Lessors) as part of a larger mixed-use development.

The project will be developed by Aurean Eskar and handed over to SAMHI for fitouts and branding. The estimated cost for SAMHI’s scope of development is between Rs 1,250 million and Rs 1,430 million. The transaction is structured as a long-term variable lease, linking land value realization to the hotel’s operational performance. This model allows SAMHI to capture upside in market demand while ensuring a capital-efficient approach to expansion.

Aurean Eskar recently completed One Golden Mile, a premium 500,000 sq. ft. commercial tower in Kokapet, Hyderabad, featuring boutique offices and high-street retail. The new hotel development will further diversify its commercial portfolio by adding hospitality to its offerings.

For SAMHI, this marks its third property in the Financial District, joining the Sheraton (326 rooms, including 42 under development) in the Upscale+ segment and the Fairfield by Marriott (232 rooms) in the Upper Mid-Scale category. With the addition of the new mid-scale hotel, SAMHI will now serve three distinct price points in one of Hyderabad’s fastest-growing micro-markets, which continues to benefit from strong office space development and business activity.

Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels Ltd., said, “With this agreement, we are deepening our presence in Hyderabad’s Financial District by adding a new mid-scale offering alongside our existing upscale and upper mid-scale hotels. This not only enables us to serve a wider customer base but also reflects our disciplined, capital-efficient approach to growth, with the long-term variable lease structure dovetailing into this strategy by linking commitments to the hotel’s performance and ensuring prudent capital deployment for value-accretive expansion.”

On behalf of Aurean Eskar, Managing Partners Pushkin Reddy and Rithwik Mali, stated, “We are delighted to collaborate with SAMHI Hotels on this landmark hospitality project in the Financial District and strengthen our commercial portfolio to include hospitality. This partnership reaffirms Aurean Eskar’s focused strategy of identifying high-potential opportunities and working with trusted partners to drive growth in a dynamic market. This development also marks an important step in bringing greater balance to the commercial real estate landscape of West Hyderabad and is poised to create long-term value for all stakeholders.”

The transaction is subject to customary post-agreement conditions, with the final lease deed to be executed upon receipt of necessary building sanctions.