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Juniper Hotels to acquire Novotel Imagicaa for Rs 248 crore

Juniper Hotels has approved the proposed acquisition of Novotel Imagicaa, a 287-key operating hotel in Khopoli, Maharashtra, from Imagicaaworld Entertainment for Rs 248 crore in cash.

JUNIPER

The 287-key hotel in Khopoli, Maharashtra, will be acquired from Imagicaaworld EntertainmentJuniper Hotels Limited has approved the proposed acquisition of Novotel Imagicaa, a 287-key operating hotel in Khopoli, Maharashtra, from Imagicaaworld Entertainment for a cash consideration of Rs 248 crore…