Piramal Capital and Housing Finance (PCHFL), a wholly owned subsidiary of Piramal Enterprises has invested Rs. 650 crore in Gurgaon-based hotel development firm SAMHI Hotels..J. Sagar Associates acted for Piramal Capital and the team was led by Partner Vivek K. Chandy along with Principal Associate Siddharth K. Vedula and Associates Vandana Venkatesh, Medha Shah and Astha Srivastava..JSA Partner Malini Raju and Senior Associates Sunanda G and Suneethi H. S. advised on the real estate aspects of the transaction..Economic Laws Practice advised SAMHI and the team was led by Partner Deep Roy and Senior Associate Okram Singha..SAMHI owns 29 hotels and is backed by Goldman Sachs..The structured debt investment will allow SAMHI to refinance existing lenders across three assets including The Courtyard and Fairfield by Marriott in Bangalore, the Sheraton in Hyderabad and Hyatt Regency in Pune, reported ET.
Piramal Capital and Housing Finance (PCHFL), a wholly owned subsidiary of Piramal Enterprises has invested Rs. 650 crore in Gurgaon-based hotel development firm SAMHI Hotels..J. Sagar Associates acted for Piramal Capital and the team was led by Partner Vivek K. Chandy along with Principal Associate Siddharth K. Vedula and Associates Vandana Venkatesh, Medha Shah and Astha Srivastava..JSA Partner Malini Raju and Senior Associates Sunanda G and Suneethi H. S. advised on the real estate aspects of the transaction..Economic Laws Practice advised SAMHI and the team was led by Partner Deep Roy and Senior Associate Okram Singha..SAMHI owns 29 hotels and is backed by Goldman Sachs..The structured debt investment will allow SAMHI to refinance existing lenders across three assets including The Courtyard and Fairfield by Marriott in Bangalore, the Sheraton in Hyderabad and Hyatt Regency in Pune, reported ET.
