2 weeks ago

Juniper Hotels eyes acquisitions, new brand tie-ups for growth

Juniper Hotels eyes acquisitions, new brand tie-ups for growth
Juniper Hotels eyes acquisitions, new brand tie-ups for growth · thehindubusinessline.com

There is a company called Juniper Hotels that runs fancy hotels in India.

It works closely with a big hotel brand called Hyatt.

Juniper wants to grow bigger, so it plans to have twice as many hotel rooms by the year 2031.

Right now it has eight hotels with more than two thousand rooms.

It is building four more hotels in different parts of India.

It also made a deal with another big hotel company, Marriott, to open a new hotel near the airport in Bengaluru.

That hotel will open in October.

The company says its business is doing well and making more money than before.

Even though there is a war happening in West Asia, Juniper says it has not hurt their hotels.

The company is looking for more hotels to buy or partner with so it can keep growing.

Key facts

Company
Juniper Hotels (Hyatt-backed)
Current portfolio
8 properties, 2,133 keys across 7 cities
Growth target
4,000 keys by FY31
Hyatt stake
38%
New Westin hotel
238 keys near Bengaluru airport, opening in October
Investment in new hotels
Around ₹1,900 crore for four hotels
Q1 FY27 revenue growth
11% year-on-year
Grand Hyatt Mumbai RevPAR growth
18% vs 7% industry average

Quotes

Arun Kumar Saraf

MD and Chairman of Juniper Hotels

“"We were easily able to absorb the impact of the West Asia war. Our revenue in Q1 FY27 was 11 per cent higher year-on-year."”
thehindubusinessline.com
“"Juniper is free to seek its own growth and find an operator which fits the property."”
thehindubusinessline.com

Sources

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