Global investment bank Goldman Sachs has invested ₹441 crore in SAMHI Hotels, the hotel investment and development company, said in a statement on Tuesday.
SAMHI Hotels will utilise the funds to expand its footprint through acquisitions across India, it added.
Ashish Jakhanwala, Founder and CEO, SAMHI Hotels, said: “This investment from Goldman Sachs will accelerate our firm’s platform across the country and catalyse further acquisition-led growth.”
As of December 2015, SAMHI owns 16 hotels and another 10 are in advanced stages of development.
Co-founded by Ashish Jakhanwala and Manav Thadani, SAMHI’s current shareholders include Sam Zell led Equity International, GTI Capital Group, and IFC (member of the World Bank Group).