SAMHI Hotels Ltd Reaches Milestone Of Rs. 1 Bn In Consolidated EBITDA
SAMHI Hotels Limited a prominent branded hotel ownership and asset management platform in India, announced its unaudited Standalone and Consolidated results for the quarter ended 31st December 2023. Commenting on the performance, Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels Ltd. said, “I am delighted to announce a significant achievement for the quarter – we have reached a strategic milestone of Rs. 1 billion in Consolidated EBITDA (pre ESOP) and have successfully turned free cash positive. Our path to growth has been driven by a strategy centered on acquisitions and turnarounds, complemented by our strategically positioned portfolio of assets that include highly recognized brands delivering not just expansion but growth with a high degree of capital efficiency. Going forward, our growth will be fuelled by the completion of the ACIC Portfolio integration, renovation rebranding of a significant portion of our portfolio and the addition of new inventory. We are making rapid strides in reducing debt and finance costs, coupled with an increase in EBITDA. This dual effort is guiding us towards sustainable debt levels while also enabling the generation of free cash flow for further growth.” Asset Income and Asset EBITDA grew by 40.5% and 49.9% respectively. Same store growth & positive impact of ACIC acquisition led to strong growth in income and EBITDA. Achieved strategic milestone of Rs. 1bn of Consolidated EBITDA (pre non-cash ESOP expense), demonstrating the potential of current portfolio. Rapid reduction in debt and finance cost combined with increase in EBITDA is paving path towards reaching sustainable debt levels and yet allow free cash flow generation for growth
Tags : SAMHI Hotels Limited EBITDA Ashish Jakhanwala ACIC acquisition strategic milestone Portfolio integration