Juniper Hotels has executed a Share Purchase Agreement (SPA) with Jenipro Hotels and its selling shareholder on March 18, 2025 to acquire 100% of the equity share capital of Jenipro Hotels. Post acquisition, Jenipro Hotels will become wholly owned subsidiary of the Company.
In February, the company had received approval from Board of Directors for the acquisition of 100% of the equity share capital of Jenipro Hotels from its existing shareholders.
Juniper Hotels is co-owned by Saraf Hotels and Two Seas Holdings, an affiliate of global hospitality entity Hyatt Hotels Corporation. The hospitality firm has a portfolio of seven hotels and serviced apartments and operates 1,836 keys across the luxury, upper upscale and upscale category of hotels across India.
