Samhi Hotels (SAMHI) has sold 100% of their ownership in Duet India Hotels (Chennai OMR) (Duet Chennai OMR), a wholly owned subsidiary of SAMHI, for an enterprise value of around Rs 53.50 crore. Duet Chennai OMR was acquired as part of the ACIC Portfolio transaction in August 2023 and owns the 116 rooms at Four Points by Sheraton, Chennai OMR.
For the nine-month period ending December 31, 2024, Duet Chennai OMR reported a total revenue of Rs 11.00 crore, EBITDA of around Rs 2.30 crore and a Net Loss of around Rs 3.30 crore.
Samhi Hotels acquires/builds primary hotels and thereafter renovates, rebrands and rerates the property and runs it.
