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0 0 0.00043171896415103 -0.00082510480339198 -0.00082510480339198 -0.00817752384351788 -0.00965429177038088 -0.0178236462594096
Stock impact report

SAMHI Hotels to acquire majority stake in RARE India and signs Marriott MoU [Yahoo! Finance]

Marriott International - Class A (MAR) 
Last marriott international - class a earnings: 2/26 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investor.shareholder.com/mar
Company Research Source: Yahoo! Finance
SAMHI Hotels has agreed to acquire a 70% stake in RARE India, marking its foray into the experiential leisure business via an asset-light investment approach. The two companies have also signed a memorandum of understanding (MoU) with Marriott International. The agreement will give Rare India the right to operate its portfolio under the Outdoor Collection brand by Marriott Bonvoy, allowing access to Marriott's global distribution channels and loyalty ecosystem across India, Nepal, Bhutan, and Sri Lanka. Samhi expects this partnership to expand its hotel network to about 100 properties, combining ownership and affiliation models. The transaction involves an investment of approximately Rs470m ($5.1m) by Samhi Hotels over the next 12 months through a combination of primary capital infusion and secondary share purchase from existing Rare India shareholders. The capital is allocated to enhance management capabilities, upgrade technology and distribution, and support brand expans Show less Read more
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