SAMHI Project SAMHI Hotels Private Limited (SAMHI or the Company), incorporated in 2010, is the flagship holding and operating company of the SAMHI group, which comprises of joint ventures and subsidiaries. (the Group). The Group is involved in the development and ownership of a portfolio of hotels across India including in economy and midscale segments. SAMHIs hotel properties are operated by major global hotel operators like Accor, Marriott, Hyatt and Starwood under their brand names.    SAMHI has also entered into 2 joint ventures with international hotel operators Marriott and Accor. SAMHI JV Business Hotels Private Limited (SAMHI JV) (held 67% by SAMHI and 33% by Marriott through Luxury Singapore Holding Company Pte. Ltd.) is mainly focused on development of midscale brand Fairfield across India along with other Marriott owned brands. Barque Hotels Private Limited (Barque) (held 60% by SAMHI and 40% by Accor through AAPC Singapore Pte. Ltd.) is an SPV currently developing a portfolio of 17 low-budget economy hotels (4 already operational) with planned room inventory of around 2000 across various cities in India. All the properties under Barque are managed and operated by Accor under its global Formule1 brand (F1).    SAMHI is currently implementing its growth plan, through the development of a portfolio of 27 hotels (7 operational, 17 under development, 3 more acquisitions in pipeline, comprising around 4000 rooms).  The financial closure for debt and equity component for this identified portfolio is mostly complete.  The Group is also exploring opportunities to add approximately 10 more assets (around 1500 rooms) to the portfolio. These assets would primarily be in the midscale segment but some could be developed or acquired in economy/budget segment. This may encompass the development of roughly 5 new greenfield hotels, and may also include acquisition and/or rebranding of roughly 5 brownfield properties. However, the exact mix will be determined depending on the opportunities opening up to the Group going forward. 1) Job creation: On successful completion the Project is estimated to create direct jobs of more than 2000, with female job creation of more than 400 across the planned properties in India. Additionally, the Project will create indirect jobs, both during construction and operations, including construction activities, facilities management and maintenance, security, transport, logistics, food and beverage supply, etc.  2) Affordable hotels: SAMHI group would be amongst the few internationally branded and professionally managed hotel companies in India focusing on budget travelers.  This is likely to make domestic business travel more affordable by increasing supply of competitive hotels in budget segment.   3) Boost investment in Low Income States (LIS):  SAMHI has a pan-India footprint with strong pipeline spread across LIS. The Group has already made investments in LIS of Uttar Pradesh (Greater Noida) and West Bengal (Kolkata) and plans to invest more in these regions.  4)	Local supply chain linkages: The Project will create business opportunities along the value chain, both during construction and operations, for small and medium enterprises engaged in transportation, distribution, maintenance and general services to the hotel.