SAMHI Hotels Limited has signed an agreement with Ingka Centres India Private Limited to develop an upscale hotel in Noida, marking a significant addition to the region’s evolving hospitality landscape.

The project will be developed within Ingka Centres’ upcoming mixed-use development, spread across approximately 2.5 million square feet. Envisioned as a marquee project, it is expected to enhance Noida’s skyline while strengthening its position as a key commercial and hospitality hub in the Delhi NCR region.

The planned hotel will feature around 162 rooms and will be integrated into Ingka Centres’ “Meeting Places” concept—a retail-led ecosystem that combines shopping, leisure, and community-driven experiences. The development also aims to support local businesses and create dynamic workspaces, positioning itself as a modern urban destination.

This collaboration brings together SAMHI’s institutional operating platform and Ingka Centres’ global development expertise. The partnership aligns with SAMHI’s strategy of working with leading institutional organisations while continuing to expand through a capital-efficient model.

Located within a high-quality mixed-use environment, the hotel is expected to benefit from strong captive demand and high visibility. The project will be executed under SAMHI’s long-term variable lease model, allowing for alignment of interests while maintaining a capital-light approach.

Under the agreement, Ingka Centres will lease the building structure, including façade and high-side engineering, while SAMHI will invest in the interior fit-outs. The hotel will be operated under an international brand, which is yet to be announced.

Commenting on the development, Ashish Jakhanwala, Chairman and Managing Director of SAMHI Hotels, said the partnership marks an important step in scaling operations in the National Capital Region. He highlighted the project’s strong demand fundamentals and expressed confidence in delivering a landmark hospitality asset in collaboration with Ingka Centres.

Giovanni Princiotta Cariddi, Country Manager India at Ingka Centres, said the collaboration reflects the company’s vision of building integrated spaces where people can live, work, shop, and stay. He added that the inclusion of a high-quality hospitality offering will enhance the overall experience of the destination.

The project further strengthens SAMHI’s presence in the Delhi NCR region, where it already operates properties such as Hyatt Place Gurgaon, Holiday Inn Express Gurgaon, and Holiday Inn Express Greater Noida.