Samhi Hotels to buy British chain Premier Inn’s business
Shamhi Hotels is set to buy the India portfolio of British chain Premier Inn for about Rs 600 crore. The proposed buyout of five Premier Inn budget properties, totaling 583 rooms, will make Samhi Hotels the largest independent owner of lodging assets in India.
The seven-year-old Gurgaon-based company currently has a collection of 25 properties, totaling 3,900 rooms in the country. It was founded by former Accor India executive Ashish Jakhanwala and HVS head Manav Thadani.
Premier Inn’s UK parent Whitebread is pulling out from the Indian hospitality market as it wants to focus on more profitable regions like the UK, Germany and Middle East. Whitbread which also owns Costa Coffee will however, remain focused in growing the café business here.
Premier Inn will be Samhi Hotels’ latest transaction after its purchase of Hyatt Regency in Pune last year. To ensure a smooth transition of the five properties from Whitbread to Samhi, the former’s Premier Inn brand will continue in the Indian market for some time.