SAMHI Hotels Limited today announced the signing of an Agreement to Lease (ATL) with P. Pramoda, P. Harika, and Aurean Eskar (collectively, the “Lessors”) for the development of a ~260-room mid-scale hotel as part of a mixed-use project in Hyderabad’s Financial District.
Development Details
Under the agreement, the building will be developed by Aurean Eskar and subsequently handed over to SAMHI for fit-outs and branding. The estimated development cost for SAMHI’s scope of work is ₹1,250 million – ₹1,430 million.
Strengthening Presence in Hyderabad
This upcoming hotel will be SAMHI’s third property in the Financial District, joining the 326-room Sheraton (Upscale+ segment, including 42 rooms under development) and the 232-room Fairfield by Marriott (Upper Mid-scale segment).
With this addition, SAMHI will now cater to three distinct market segments—Upscale+, Upper Mid-scale, and Mid-scale— in one of Hyderabad’s most dynamic micro-markets. The Financial District continues to witness robust office space expansion and strong economic activity, making it a critical hub for business and leisure demand.
This development reinforces SAMHI’s strategy of building scale and density in core markets by offering high-quality branded hotels across multiple price points, thereby optimizing portfolio returns and driving long-term value creation.
The transaction is subject to customary conditions subsequent, and the final lease deed will be executed upon receipt of requisite building sanctions.
Leadership Comments
Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels Ltd., said:
“With this agreement, we are deepening our presence in Hyderabad’s Financial District by adding a new mid-scale offering alongside our existing upscale and upper mid-scale hotels. This not only enables us to serve a wider customer base but also reflects our disciplined, capital-efficient approach to growth, with the long-term variable lease structure dovetailing into this strategy by linking commitments to the hotel’s performance and ensuring prudent capital deployment for value-accretive expansion.”
On behalf of Aurean Eskar, Managing Partners Pushkin Reddy and Rithwik Mali said:
“We are delighted to collaborate with SAMHI Hotels on this landmark hospitality project in the Financial District and strengthen our commercial portfolio to include hospitality. This partnership reaffirms Aurean Eskar’s focused strategy of identifying high-potential opportunities and working with trusted partners to drive growth in a dynamic market. This development also marks an important step in bringing greater balance to the commercial real estate landscape of West Hyderabad and is poised to create long-term value for all stakeholders.”
