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Today Saturday, September 19, 2026
Juniper Hotels to Buy Novotel Imagicaa for $26M
financeasianhospitality.com··1 min·For: Owner, Investor, GM

Juniper Hotels to Buy Novotel Imagicaa for $26M

Juniper Hotels will acquire the 287-key Novotel Imagicaa in Maharashtra for approximately $25.9 million, with plans to potentially rebrand the property. The transaction values the resort at $90,200 per key and is scheduled to close by March 2027.

Key Takeaways

  1. 1Juniper Hotels acquiring 287-room Novotel Imagicaa for $25.9M ($90.2K/key)
  2. 2Company evaluating plans to reposition and rebrand into the upper-upscale segment
  3. 3Juniper separately investing $89.1M to build a 550-key hotel in New Delhi by 2030

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Source: asianhospitality.com

Covered in full

Juniper Hotels Acquires Novotel Imagicaa for $25.9M

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