Tag: hotel acquisition
HOSPITALITY Juniper Hotels To Acquire Novotel Imagicaa For ₹248 Cr In Maharashtra

Juniper Hotels Ltd has proposed to acquire the operating Novotel Imagicaa hotel from Imagicaaworld Entertainment Ltd for an aggregate consideration of ₹248 crore, translating to approximately ₹86 lakh per key. The transaction, which is subject to definitive agreements and customary closing conditions, will add the 287-key leisure hotel in Khopoli, Maharashtra, to Juniper Hotels’ portfolio. […]

CW Bureau · Sep 16, 2026
HOSPITALITY ITC Hotels Set To Acquire Kumarakom 5-Star Luxury Resort For ₹205 Cr

ITC Hotels Ltd will acquire 100% stake in The Zuri Hotels and Resorts Pvt Ltd, which owns a luxury resort in Kumarakom, Kerala, for an enterprise value of ₹205 crore on a cash-free, debt-free basis. The acquisition, subject to repayment of certain debts and customary obligations, involves a total cash consideration of ₹175 crore and […]

CW Bureau · May 15, 2026