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 strategically located in Sector 23, Dwarka, and will overlook the DDA Dwarka Golf Course, which is noted as India's longest 18-hole golf course. The property is targeted for completion by 2030 and is designed to cater to both premium leisure and business travelers seeking a world-class hospitality experience.
The hotel’s location offers proximity to key infrastructure, including the Yashobhoomi Convention Centre, one of Asia's largest convention and exhibition venues. Furthermore, the property is positioned to serve the upcoming Diplomatic Enclave proposed opposite the site, placing it at the core of an emerging business and diplomatic hub in New Delhi.
This development reinforces Juniper Hotels Limited’s commitment to strategic growth within key hospitality markets across India. The company stated that, with the addition of this hotel and the completion of ongoing projects, their total portfolio is expected to include 12 hotels. Management has also outlined a goal to double its key count to approximately 3,900 keys by FY2030-31 through continued inorganic growth opportunities.
Juniper Hotels maintains a strong portfolio presence across India's dynamic economic centers, including Mumbai, New Delhi, Ahmedabad, Lucknow, and Bengaluru. The company currently has seven operating hotels comprising 1,895 keys, which includes 245 serviced apartments. Other projects under various stages of development include five greenfield properties.
The Company’s portfolio is anchored in premium hospitality markets, reflecting its focus on disciplined capital allocation and strategic expansion. Juniper Hotels aims to strengthen its position as a leading hospitality ownership platform by focusing on developing high-quality premium assets and targeting increased room inventory and EBITDA by FY2030-31.
Key operational metrics for Juniper Hotels Limited:
| Metric | Detail |
|---|---|
| Current Operating Hotels | 7 |
| Keys in Operating Portfolio | 1,895 (including 245 serviced apartments) |
| New Delhi Project Size | ~550 keys |
| Target Completion Date for New Delhi Hotel | 2030 |
| Total Key Count Goal by FY2030-31 | Approximately 3,900 keys |
JUNIPER Stock Price Movement
Juniper Hotels Limited shares today slipped by 0.68% to settle at ₹192.98 after post-market trading, dropping a total of ₹1.31 from its previous close. The stock moved on a volume of 140,098 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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