TBM Staff - Mumbai
Juniper Hotels Limited has acquired a 220-room luxury property near Bengaluru International Airport, enhancing its upscale portfolio in a high-demand location. Spread over 6.5 acres of prime land, the almost complete property offers premium amenities, including 29,000 square feet dedicated to MICE events, specialty dining options, a fitness center, and a luxurious spa. Future expansion opportunities for the site are also being explored.
The acquisition, valued at INR 325 crore, was funded by a combination of long-term debt and Juniper’s cash reserves. With Bengaluru’s hotel market seeing significant growth, driven by infrastructure development and a thriving IT sector, Juniper’s investment positions it to benefit from the city’s rising hospitality demand.
Recognised for its portfolio of upscale and luxury accommodations, Juniper Hotels now operates eight properties across India, offering over 2,100 rooms, including 245 serviced apartments. The company continues its focus on expanding its presence in key markets with strategic acquisitions and partnerships that enhance guest experiences and emphasise sustainability and innovation.
This acquisition aligns with Juniper’s commitment to establishing a strong footprint in India’s dynamic hospitality sector, reinforcing its position in Bengaluru and contributing to the region’s economic and tourism development.
