Mumbai, Feb. 25 -- The proposed developments comprise an approximately 350-room upper-upscale hotel under the Westin Hotels & Resorts brand and a roughly 350-room upper mid-scale hotel under Fairfield by Marriott. The agreements further deepen SAMHI's partnership with Marriott and strengthen its presence in the fast-growing Navi Mumbai-Thane hospitality corridor.

The addition of upper-upscale and upper mid-scale assets is expected to enhance SAMHI's branded portfolio, improve its positioning among corporate travellers and drive long-term asset utilisation in a high-growth urban micro-market.

Separately, the company said its subsidiary ITHPL has received layout plan approval from the Karnataka Industrial Areas Development Board (KIADB) f...