Business Standard ·
Economy, business and finance
Board of Juniper Hotels approves acquisition of Novotel Imagicaa, Khopoli
The board of Juniper Hotels at its meeting held today, 16 September 2026, has inter alia, approved the following:
1. Proposal for acquisition of the operating hotel, Novotel Imagicaa, located in Khopoli strategically in close proximity to Mumbai, Maharashtra, for an aggregate lump-sum purchase consideration of Rs. 248 crore.
2. Memorandum of Understanding (MoU), in relation to the aforesaid acquisition, to be entered between Juniper Hotels and Imagicaaworld Entertainment.
Disclaimer: No Business Standard Journalist was involved in creation of this content