Juniper Hotels Acquires Novotel Imagicaa for ₹248 Crore
What Happened
Juniper Hotels has acquired the 287-room Novotel Imagicaa Khopoli hotel for ₹248 crore. The property, located next to the Imagicaa theme park in Maharashtra, will continue to operate under the Novotel brand. The acquisition strengthens Juniper’s presence in India’s growing leisure and destination-travel segment.
Key Takeaways
The deal is part of Juniper Hotels’ expansion strategy to add high-potential hospitality assets and diversify beyond metro markets. The company expects the property to benefit from strong tourism demand and synergies with the nearby theme park.