Juniper Hotels approves ₹248 crore Novotel acquisition

Juniper Hotels Limited (

) has approved the acquisition of the operating Novotel Imagicaa hotel in Khopoli, Maharashtra, from Imagicaaworld Entertainment Limited for ₹248 crore. The property has 287 rooms and is spread across approximately 11 acres. The transaction values the hotel at around ₹86 lakh per key and is subject to definitive agreements and required approvals. Your view This is an acquisition-led expansion rather than a greenfield project. The key factor is whether the acquired property can contribute consistently to revenue and cash flows after integration. Juniper reported Q1 FY27 revenue of ₹249.53 crore, up 13.04% YoY, while consolidated net profit increased to ₹33.26 crore from ₹9 crore in Q1 FY26. The stock closed at ₹214.32 on September 16. I will be watching the transaction completion, property performance and future room-level profitability. Disclosure: I do not hold any position or have any interest in Juniper Hotels Limited as of the time of posting. Tags: Stock In News, Equity Research, Fundamental Views