Juniper Hotels acquires a 220-room luxury property near Bengaluru Airport, expanding its upscale footprint and enhancing guest experiences in a high-growth market.
Juniper Hotels Limited has finalized the acquisition of a 220-room upscale hotel property in Bengaluru, spanning 6.5 acres of prime freehold land with a built-up area of 41,200 square meters. Strategically positioned near Bengaluru International Airport, the nearly completed property is set to provide premium amenities, including 29,000 square feet dedicated to MICE (Meetings, Incentives, Conferences, and Exhibitions) events, a variety of specialty restaurants, a fitness center, a luxurious spa, and more. According to a company release, Juniper Hotels is also exploring future expansion opportunities for the site.
This acquisition reinforces Juniper Hotels’ commitment to growing its presence in Bengaluru’s dynamic hospitality market, a key hub in southern India.
Investing in a High-Growth Hospitality MarketBengaluru has emerged as one of India’s fastest-expanding hotel markets, with an approximate 20% increase in Average Room Rate (ARR) year-over-year in FY24. With extensive infrastructure enhancements planned around the airport and the continued growth of IT and corporate sectors, the city’s hospitality demand shows strong potential.
The property was acquired through a cash buyout for INR 325 crore, with INR 280 crore funded by long-term debt and the remainder drawn from Juniper Hotels’ cash reserves.
Juniper Hotels Limited is a premier hotel development and ownership company recognized for its diverse portfolio of upscale and luxury accommodations throughout India. Currently, the company operates seven hotels across strategic locations in India, offering 1,895 rooms, including 245 serviced apartments.
Juniper Hotels remains focused on expanding its footprint in key markets through strategic acquisitions and partnerships that enhance guest experiences and reinforce its commitment to sustainability and innovation, setting new industry standards.
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