SECTOR
Juniper Hotels plans acquisition of Novotel Imagicaa for Rs 248 Crore
Sep-16-2026

Juniper Hotels has planned acquisition of an operating hotel, Novotel Imagicaa from Imagicaaworld Entertainment for an aggregate consideration of Rs 248 crore at approximately Rs 86 lakh per key, subject to the terms and conditions of the definitive agreements.

Spread across approximately 11 acres in Khopoli, Maharashtra, Novotel Imagicaa is strategically located near the economic centres of Mumbai and Pune, with the airport accessible within a two-hour drive. The hotel sits adjacent to the Imagicaa Theme Park and Water Park. Spanning a built-up area of approximately 2,80,000 sq. ft., the hotel offers 287 well-appointed guest rooms complemented by a curated selection of restaurants, versatile banquet and meeting venues, spa and recreational facilities. It has established a distinct niche in the leisure and social segments, reinforcing the asset’s standing as a complete family holiday destination.

The acquisition advances Juniper's long-term objective of building a portfolio of large, high-quality hotels in India's most compelling business and leisure destinations. Completion of the acquisition is subject to execution of definitive agreements, satisfaction of customary closing conditions, and receipt of any required statutory, regulatory, and other approvals.

Juniper Hotels constructs, builds, erects, acquires, purchases, establishes, administrates, manages, runs, or in any manner and in all respects deal in hotels and lodging houses of every kind and description, including all conveniences, amenities and facilities relating or adjunct thereto.


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