This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230922306936\/en\/<\/a><\/p>\n Equity International, a private equity firm founded by Sam Zell, made its first investment in SAMHI in 2011 and has been its largest shareholder for most of its history. Blue Chandra Pte. Ltd., an affiliate company of Equity International, has sold approximately 50% of its equity holdings in the company in conjunction with the IPO.<\/p>\n \u201cEquity International\u2019s investment was essential to SAMHI\u2019s success,\u201d said Ashish Jakhanwala, chairman, managing director and chief executive officer of SAMHI. \u201cThis partnership provided capital, instrumental advice, and support as we grew the company. I wish Sam could be here to celebrate this important milestone with us.\u201d<\/p>\n Equity International recognized a compelling capital deployment opportunity in both the concept and in Ashish Jakhanwala, the entrepreneur leading its execution. India’s strong economic growth and rapid urbanization provided long-term tailwinds for India\u2019s travel and tourism sector. SAMHI\u2019s strategy to scale a hospitality-focused platform using international brands differentiated the company from most competitors.<\/p>\n \u201cSAMHI’s IPO is a testament to Sam Zell’s willingness to invest in an entrepreneur and Ashish\u2019s determination and resilience to see this IPO through and make Sam proud. Like most businesses in the hospitality industry, SAMHI faced incredible challenges due to the pandemic. More than a decade after Equity International’s investment, SAMHI is flourishing. I have no doubt Sam is smiling and immensely proud of Ashish and the entire SAMHI management team on successfully completing this IPO,\u201d said Tom Heneghan, chief executive officer of Equity International.<\/p>\n About Equity International<\/b><\/p>\n Founded by Sam Zell in 1999, Chicago-based Equity International Management, LLC (\u201cEI\u201d) is a private equity firm focused primarily on investing outside of the United States. The firm makes entity-level investments in real estate and infrastructure-related operating companies, as well as in innovative solutions within the housing sector. EI leverages its network and experience to build institutional businesses alongside strong operating partners.<\/p>\n About SAMHI Hotels Limited<\/b><\/p>\n SAMHI Hotels Limited is a hotel ownership and asset management platform in India that operates a portfolio of 31 hotels with 4,801 operational keys (owned and leased) under long-term management contracts with established hotel operators such as Marriott, Hyatt, and IHG. Operations span across 12 of India\u2019s key urban consumption centers including, Bengaluru (Karnataka), Hyderabad (Telangana), National Capital Region, Pune (Maharashtra), Chennai (Tamil Nadu) and Ahmedabad (Gujarat). SAMHI\u2019s shareholders include an affiliate of Equity International, LLC, Asiya Capital (i.e., ACIC Mauritius 1 and ACIC Mauritius 2), Goldman Sachs Investments Holdings (Asia) Limited, GTI Capital Alpha Pvt Ltd, International Finance Corporation, and Sarvara Investment Fund I.<\/p>\n 1<\/sup> In terms of operational keys (owned and leased), as of March 31, 2023. Source: Jones-Lang LaSalle Property Consultants (India) Private Limited, \u201cIndian Hospitality Industry Overview\u201d dated June 30, 2023.<\/p>\n View source version on businesswire.com: https:\/\/www.businesswire.com\/news\/home\/20230922306936\/en\/<\/a><\/p>\n<\/p>\n
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