PE-backed Samhi invests in Accor-owned Indian hotel chain
Samhi Investments has acquired a 60% stake in Barque Hotels, the company that owns 15 Formule 1 hotels in India, from French hospitality group Accor.
The deal value was not disclosed but Samhi has announced it will be investing $40-50 million to complete existing projects. Of the 15 properties in various stages of development, two are already operational...
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