Juniper Hotels to Invest Rs 850 Crore in New Delhi Luxury Hotel Development
Juniper Hotels Limited has announced plans for a major luxury hotel development in New Delhi, committing an investment of approximately INR 850 crore. The project involves developing a 5-star property that is set to significantly expand the company's presence in the capital city.The Company executed a license deed with the Delhi Development Authority (DDA) through its wholly owned subsidiary, Juniper Hospitality Assets Private Limited. This strategic move adds approximately 550 keys to the brand’s portfolio in New Delhi. With this addition, Juniper is anticipated to possess nearly 1,000 keys across its properties in the city.The new hotel will be...