SAMHI Hotels Limited saw a 2% rise in its stock price today after announcing a strategic partnership with Marriott International. The company has signed management agreements for three new properties in Hyderabad and Bangalore, marking a significant expansion in its luxury offerings.
The new developments include a 170-175 room W Hotels property in Hitec City, Hyderabad, and two hotels in Whitefield, Bangalore: a 142-room Tribute Portfolio hotel and a 200-220 room Westin Hotels & Resorts property. These additions are expected to meet the growing demand for upscale accommodations in key metropolitan areas.
As of 10:26 am, SAMHI Hotels shares were trading 2.36% higher at Rs 183.14 on the NSE.
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