Samko Real Estate Holdings, a London-based hospitality group, is seeking REIT status following its debut on the Official List of The International Stock Exchange (TISE).
Stanhill Court Hotel
Samko’s board has set a target of £400m in assets under management by 2028.
The group’s portfolio comprises seven hospitality assets across the South East valued at around £62m.
“This listing represents a defining moment for the group,” said chairman of the board Sampath Kumar Mallaya.
“We have built a portfolio of high-quality, income-generating hospitality assets with strong operational foundations, and we believe the TISE listing and our forthcoming REIT election provide the right platform to accelerate our ambitions.
“We are focused on disciplined growth, delivering sustainable returns for our shareholders, and establishing Samko as a recognised name in UK hospitality real estate.”
Samko’s portfolio generates income primarily through lease arrangements with operating counterparties.
Its assets include: The River Club and Stanhill Court Hotel in Surrey; and Crowne Plaza London Kingston, Hampton Suites, Raven’s Ait and Warren House Hotel in Kingston upon Thames, south-west London.
Earlier this year, Samko secured a £30.9m loan from Cynergy Bank to support the next phase of its growth.
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