Mumbai, Feb. 11 -- SAMHI Hotels announced the sale of its wholly-owned subsidiary, Duet India Hotels (Duet Chennai OMR), to Greenpark Hotels and Resorts. The deal, finalized on February 10, 2025, is valued at approximately Rs 53.5 crore, representing the enterprise value of the Chennai property.

The transaction is expected to be completed on or before April 1, 2025. SAMHI Hotels clarified that Greenpark Hotels and Resorts is not related to its promoter, promoter group, or group companies.

Duet Chennai OMR was acquired as part of the ACIC portfolio transaction in August 2023 and owns the 116 rooms at Four Points by Sheraton, Chennai OMR.

In August 2023, SAMHI had announced the completion of acquisition of 6 hotel properties of ACIC comp...