Equity International invests in newly formed hospitality company SAMHI ELP JSA Sidley and Warshaw advise

US-based investment firm, Equity International has invested $75 million (Rs. 370 crore) in GTI Capital backed SAMHI, a developer and owner of hotels in India..Economic Laws Practice advised SAMHI with a team led by Partner Sujjain Talwar along with Associate Partner Jeet Sengupta and Associate Manager Akanksha Joshi..J. Sagar Associates advised Equity International with a team led by Partners Somasekhar Sundaresan and Varghese Thomas along with Senior Associate Tanushri Syal. The New York office of Sidley Austin acted as International legal advisor with a team led by Partner Samir Gandhi..Warshaw Burstein Cohen Schlesinger & Kuh advised GTI Capital with a team led by Partners Barry Klingman and Stephen Semian..According to VCCircle, Gurgaon-based SAMHI is a newly formed hospitality property company, focused on the development, acquisition and ownership of select-service, business-class hotels across India. It has started hotel property development in Bangalore, Chennai and Gurgaon, which will include four hotels and 630 keys with brands such as Courtyard, Fairfield by Marriott and Hyatt Place. SAMHI is also looking at opportunities in Delhi, Mumbai, Hyderabad, Pune and Kolkata..SAMHI has recently formed a JV with Marriott International to develop Marriott-branded properties across the Indian subcontinent and is also working with other hotel operators and brands..Founded in 1999 by Sam Zell and Gary Garrabrant, Equity International invests in companies outside US. So far, Equity International has raised over $2billion and invested in 22 portfolio companies across 14 countries.