Juniper Hotels Limited announced September 16, 2026, that it will acquire Novotel Imagicaa from Imagicaaworld Entertainment Limited for Rs 248 crore, approximately $30 million USD. The acquisition, which is subject to customary closing conditions and regulatory approvals, will add the 287-key hotel in Khopoli, Maharashtra, near Mumbai and Pune, to Juniper’s portfolio, which currently includes seven hotels with 1895 keys and 245 serviced apartments. Juniper intends to leverage its asset management expertise to improve the hotel’s performance and capitalize on its strategic location near Imagicaa Theme Park and Water Park, anticipating benefits from leisure, social events, and MICE demand. The transaction will not involve the issuance of new shares and reflects Juniper’s strategy of disciplined capital allocation and selective acquisitions.
