Goldman Sachs buys stake in SAMHI Hotels

Report says that SAMHI Hotels had raised over Rs 900 crore over the past four years.

Global investment banking major Goldman Sachs has acquired a significant 'minority stake' in hotel development and investment startup SAMHI Hotels for Rs. 441crore, according to reports.

Report says that SAMHI Hotels had raised over Rs 900 crore over the past four years.

The size of the details has not been disclosed yet.

"This year, we want to expand our portfolio through acquisitions and the investment will be entirely used for growing the business," said Ashish Jakhanwala, founder and CEO of SAMHI Hotels.