Modelling Samhi Hotels – Complexities around the business
Highlighting some of the risks-
Accounting:
- You cannot go with directly PAT here, because there can be chance of again write offs. ( Only Ebitda is predictable )
Write-Offs:
- Samhi has history of write-offs
Business Model Risks:
- Samhi has sold of few hotels in 2023 why ?
Expansion Delay:
-. Samhi is having ongoing expansion of hotels which are not up in past 3 to 4 years ? Why it’s being delayed.
Caspia Pro Hotel , Bangalore expansion, Hyatt Regency etc…
ACIC Portfolio: ( Good or Bad )
One of the bad side is they have diluted lot of equity,and got the land bank in Navi Mumbai and that’s written off ( 70cr )
Good part – They have added 950+ keys.
Shares in Supply :
Lock-in of shares is also near March 21st 2025
| Subscribe To Our Free Newsletter |
