According to SAMHI, the MIDC’s extension clears the path to begin development of what will be the company’s largest hotel asset by number of rooms, marking its entry into the Mumbai Metropolitan Region and reinforcing its strategy to scale through high-quality, demand-accretive assets in key gateway markets.
Commenting on the development, Ashish Jakhanwala, chairman and managing director of SAMHI Hotels, said, “We are delighted to receive MIDC’s confirmation, which unlocks a transformational opportunity for SAMHI in the Mumbai Metropolitan Region. This marquee development positions us to capture the diverse demand segments around the Navi Mumbai International Airport and DY Patil Stadium corridor.”
The project is strategically located along the Mumbai-Pune Expressway, with connectivity to major infrastructure projects including the Atal Setu Trans-Harbour Link, making it an attractive hospitality destination catering to business, aviation, MICE, and leisure demand.
SAMHI currently operates 31 hotels with a portfolio of 4,862 rooms across 13 cities in India, under management partnerships with global hotel operators such as Marriott, IHG, and Hyatt.
The company said the project aligns with the commercial expansion of Navi Mumbai and is expected to significantly enhance SAMHI’s scale and brand presence in India’s largest hospitality market.
The company's board will consider Q2FY26 results today, 28 October 2025.
On a consolidated basis, net profit of Samhi Hotels surged 308.51% to Rs 17.28 crore while net sales rose 8.93% to Rs 272.21 crore in Q1 June 2025 over Q1 June 2024.
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