Juniper Hotels signs MoU to buy Novotel Imagicaa for ₹248 crore
In short
Juniper Hotels has signed an MoU to buy Novotel Imagicaa for ₹248 crore. The hotel has 287 keys and is in Khopoli next to Imagicaa’s theme and water parks.
The deal could add an operating hotel that already brings in cash. The reporting does not say when the purchase will be completed.
What the reporting says
Juniper Hotels signed an MoU to acquire Novotel Imagicaa in a ₹248 crore deal, with the 287-key hotel in Khopoli identified as being beside Imagicaa’s theme and water parks. The reporting says the property would add an operating, cash-generating hotel to Juniper’s portfolio. It does not state when the deal will close or whether financing terms are final.
Why it matters
Juniper Hotels signed a memorandum of understanding to acquire Novotel Imagicaa in a ₹248 crore deal. The hotel has 287 keys and is in Khopoli next to Imagicaa’s theme and water parks, which the reporting says would add an operating, cash-generating property to Juniper’s hotel portfolio. The final closing timeline, funding structure, and integration details are not stated.