Renovation and rebranding is an integral part of there business and which distinguishes Samhi from other hotel chains. This is a cost and time efficient way of adding new keys inventory to there portfolio. Once the renovation/rebranding is complete and asset starts sweating, operating leverage will kick in leading to expansion in Margins. Revenue will not decrease but per se and the expenses incurred during the period will be categorized as capital work in progress till the asset goes live.
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