SAMHI Hotels Private Ltd, a hotel asset company that specialises in the development, acquisition and ownership of branded hotels in India has acquired Ascent Hotels Pvt Ltd, owners of Hyatt Regency in Pune, for an undisclosed amount.

Late last month, SAMHI made a joint investment with Marriott International in Marriott’s first integrated property that houses two of its popular brands Courtyard by Marriott and Fairfield by Marriott, in Bengaluru. The 220-keys Hyatt Regency in Pune along with 102 serviced apartments operated under the same brand will now be a part of the SAMHI portfolio of 16 operating hotels with over 2,500 rooms. The company has 10 hotels under development, of which six-seven are scheduled to open this year.

http://www.thehindubusinessline.com/todays-paper/tp-news/samhi-acquires-ascent-hotels/article8215616.ece

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