SAMHI Hotels Inks Pact with Ingka Centres for 162-key Upscale Hotel in Noida
SAMHI Hotels signs a pact with Ingka Centres for an upscale 162-room hotel in Noida mixed-use project.
By SOH Edit Team
SAMHI Hotels Limited (SAMHI), through its wholly owned subsidiary SAMHI Skyline Private Limited, has entered into an agreement with Ingka Centres India Private Limited—part of the Ingka Group—to develop an upscale 162-room hotel within Ingka Centres’ upcoming 2.5 million sq ft mixed-use project in Noida.
The hotel will be part of Ingka Centres’ “meeting places” concept—mixed-use destinations designed to integrate retail, leisure, and community spaces, while supporting local businesses and workspaces.
Project structure and development model
Located within a high-quality mixed-use ecosystem, the hotel is expected to benefit from strong captive demand and high visibility. The project will be executed under SAMHI’s long-term variable lease model, wherein Ingka will lease the building with façade and high-side engineering, while SAMHI will invest in interior fit-outs. The hotel will be operated under an international brand, which is yet to be finalised.
With this development, SAMHI further strengthens its presence in the Delhi-NCR region, where it already owns assets such as Hyatt Place Gurgaon, Holiday Inn Express Gurgaon, and Holiday Inn Express Greater Noida.
Management Commentary
Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels, said the partnership marks a significant milestone as the company continues to scale through its capital-efficient lease model in the NCR. He added that, “The Noida project is a marquee development with strong underlying demand drivers, and we are delighted to collaborate with world class partners in Ingka to deliver a landmark hospitality asset.”
Giovanni Princiotta Cariddi, Country Manager, Ingka Centres India, said the collaboration aligns with the company’s vision of creating vibrant mixed-use destinations where people can live, work, shop, and stay. He noted that, “Having a high-quality hospitality offer within our mixed-use development strengthens the overall experience we want to provide to our visitors and the local community. Together with .. SAMHI, we are committed to delivering a landmark destination that will set a new benchmark for integrated urban living in the Delhi NCR region.”
The Ingka Group operates across three business verticals: IKEA Retail, Ingka Centres, and Ingka Investments.
