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…