Samhi Hotels signs agreement with Ingka Centres for 162-room upscale hotel in Noida

SAMHI Hotels Limited (SAMHI), through its wholly owned subsidiary SAMHI Skyline Private Limited, has entered into an agreement with Ingka Centres India Private Limited, part of the Ingka Group for leasing an upscale 162-room hotel within Ingka Centres’ upcoming 2.5 million square feet mixed-use development in Noida. Ingka Group operates three businesses in one: IKEA Retail, Ingka Centres and Ingka Investments.

The companies said situated within a high-quality mixed-use ecosystem, the hotel is expected to benefit from strong captive demand and high visibility within the development. The project will be executed under SAMHI’s long-term variable lease model. Ingka will lease the building with façade and all high side engineering, with SAMHI to invest in interior fit-outs. The hotel will be managed under an international hotel brand to be determined in due course, SAMHI said in a statement. SAMHI said the project further expands its footprint in the Delhi NCR region, where it already owns the Hyatt Place Gurgaon, Holiday Inn Express Gurgaon, and Holiday Inn Express Greater Noida.

SAMHI said the hotel will form part of Ingka Centres’ mixed-use meeting places concept, creating a modern retail-led destination that blends shopping, leisure, and community-focused experiences while supporting local businesses and workspaces.


Ashish Jakhanwala, chairman and MD, SAMHI Hotels said this partnership with Ingka Centres represents a significant milestone for the company as it continues to scale through its capital-efficient, long-term variable lease model in the National Capital Region. "The Noida project is a marquee development with strong underlying demand drivers, and we are delighted to collaborate with world class partners in Ingka to deliver a landmark hospitality asset," he added.

Giovanni Princiotta Cariddi, country manager India for Ingka Centres said the company is thrilled to welcome SAMHI Hotels as a partner in its Noida Meeting Place. "This collaboration reflects our vision to create vibrant mixed-use destinations where people can live, work, shop and stay — all in one place," he said. "Having a high-quality hospitality offer within our mixed-use development strengthens the overall experience we want to provide to our visitors and the local community. Together with SAMHI, we are committed to delivering a landmark destination that will set a new benchmark for integrated urban living in the Delhi NCR region," he added.