Partnership | DSA x FT Professional - Leaderboard

Singapore's GIC, SAMHI Hotels plan $300m JV to develop hotels in India

Singapore's GIC, SAMHI Hotels plan $300m JV to develop hotels in India

A signage of Singapore’s sovereign wealth fund GIC is pictured at their office in Singapore July 13, 2023. REUTERS/Edgar Su

Singapore’s sovereign wealth fund GIC and India’s SAMHI Hotels will establish a joint venture to develop upscale hotel assets in India, with an equity investment plan of up to about $300 million, SAMHI said on Thursday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter