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By Author
Published on February 17, 2024
In a significant development for India's hospitality sector, Juniper Hotels, known for its affiliation with the prestigious Hyatt brand, has declared the opening of its initial public offering (IPO) valued at INR 1,800 crore. Scheduled to open for subscription on February 21 and closing on February 23, this IPO marks a pivotal moment for the company as it seeks to expand its footprint and consolidate its position in the luxury hotel market.
Structured entirely as a fresh equity issue with a face value of Rs 10 per share, the IPO lacks an offer for sale (OFS) component. The pricing band for the public offer is to be announced shortly, with a significant portion of the IPO being strategically reserved: 75 percent for qualified institutional buyers, 15 percent for non-institutional investors, and the remaining 10 percent for retail investors.
Juniper Hotels intends to allocate the net proceeds from the IPO—estimated at INR 1,500 crore—towards the repayment, prepayment, or redemption of certain outstanding borrowings and for general corporate purposes. This financial maneuver is expected to strengthen the company’s balance sheet and support its ongoing and future projects.
The company, a joint venture between Saraf Hotels and Two Seas Holdings (affiliated with Hyatt Hotels Corp.), currently boasts ownership of 20 percent of the total 1836 Hyatt-affiliated keys in India as of June 2023. Its portfolio encompasses seven hotels and serviced apartments spread across Mumbai, Delhi, Ahmedabad, Lucknow, Raipur, and Hampi, catering to a variety of market segments from luxury to upscale.
Highlighting its financial growth, Juniper Hotels reported a significant increase in revenue from operations, jumping 116 percent to INR 667 crore in fiscal 2023 from INR 309 crore the previous year. Moreover, the net loss for the company considerably narrowed to INR 1.5 crore in fiscal 2023 from INR 188.03 crore in fiscal 2022, indicating robust recovery and operational efficiency.
The IPO is being managed by leading financial institutions such as JM Financial, CLSA India, and ICICI Securities, with KFin Technologies appointed as the registrar of the offer. Furthermore, the equity shares of Juniper Hotels are proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), offering investors a valuable opportunity to partake in the company's growth journey.
As Juniper Hotels prepares to embark on this new chapter, the IPO stands as a testament to the company's resilience and commitment to excellence in the highly competitive hospitality industry.
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By Manu Vardhan Kannan
Published on August 3, 2026
Suba Group of Hotels has expanded its presence in Bengaluru with the launch of Quality Inn Bhavishya in partnership with Choice Hotels International. Opening its doors on 3 August 2026, the new hotel marks the group's sixth property in Bangalore, further strengthening its footprint in one of India's leading business destinations.
Located in the heart of Whitefield, the upscale hotel is thoughtfully designed for today's corporate travellers, expatriates and leisure guests. It blends international hospitality standards with warm Indian service to deliver a comfortable and welcoming stay.
The hotel offers convenient access to major IT parks, multinational companies, shopping destinations and entertainment hubs, making it an ideal choice for both business and leisure visits to Bengaluru.
Guests can expect elegant accommodation, modern amenities, high-speed internet, personalised service and quality dining experiences, ensuring a seamless and memorable stay.
Published on August 2, 2026
Lemon Tree Hotels Limited has announced the opening of Keys Prima by Lemon Tree Hotels, Kempty Road, Mussoorie, marking the group's second operational property in the popular hill station. With this launch, the company has expanded its operational portfolio in Uttarakhand to 10 hotels, while 11 additional properties remain under development across the state.
The hotel is managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited. Nestled along Kempty Road against the scenic backdrop of the Garhwal Himalayas, the property features 47 thoughtfully designed rooms and suites across Superior, Deluxe, Executive and Studio Suite categories. Designed to cater to both leisure and social travellers, the hotel offers an upper midscale hospitality experience with a range of modern amenities.
Guests can enjoy all-day dining at Keys Café or relax with beverages at Unlock Bar. The property also features a swimming pool, fitness centre, spa, and a dedicated kids' zone. For meetings, conferences, weddings and social gatherings, the hotel offers Grand Chamber, a well-equipped banquet and conference venue.
Commenting on the opening, Vishvapreet Singh Cheema, President, Lemon Tree Hotels Ltd., said, "Uttarakhand continues to be one of the most prominent tourism markets in the country, with sustained demand across leisure, pilgrimage and MICE travel through the year. Mussoorie, in particular, is one of those rare destinations whose appeal has endured across generations, retaining its place as one of India's most loved hill stations. The opening of our second hotel here allows us to be part of the destination's timeless appeal while responding to the growing demand for trusted hospitality. With its location on Kempty Road and a product designed to bring together leisure, wellness, dining and celebrations, the hotel is well placed to appeal to the many ways in which guests experience Mussoorie."
The hotel offers convenient connectivity for travellers, located approximately 71 km from Dehradun's Jolly Grant Airport, 44 km from Dehradun Railway Station, and around 10 km from Mussoorie Library Bus Station.
The opening further strengthens Lemon Tree Hotels' multi-brand presence in Uttarakhand, a key market for the company's growth strategy. With 10 operational hotels and 11 more in the pipeline, the hospitality group continues to expand across the state's major leisure and pilgrimage destinations, catering to the rising demand for quality accommodation in one of India's leading tourism markets.
International Airlines Group (IAG), the parent company of British Airways, Iberia, and Aer Lingus, has reported a 16% decline in second-quarter operating profit, citing higher fuel costs and weaker travel demand resulting from the ongoing Middle East conflict. The airline group also expects its overall capacity to remain flat for the rest of the year.
For the second quarter, IAG posted an operating profit before exceptional items of €1.41 billion, down from €1.68 billion during the same period last year. Despite the decline, the result slightly exceeded analysts' expectations of €1.37 billion.
The airline group said rising fuel prices and emissions-related expenses significantly impacted performance. During the second quarter, fuel costs and emissions charges increased by nearly 23% to €2.22 billion, affecting all of IAG's airlines from March onwards.
Although the company has slightly lowered its full-year fuel cost forecast to between €8.3 billion and €8.6 billion, compared with the approximately €9 billion projected in May, fuel remains one of its biggest financial challenges.
IAG stated that the prolonged conflict in the Middle East has weakened travel demand across several markets, adding pressure on airlines already facing elevated operating costs. The company had previously issued a profit and capacity warning in May as geopolitical uncertainty began affecting bookings.
The group's traditionally strong transatlantic business has also experienced pressure as changing travel patterns impact one of its most profitable markets.
Looking ahead, IAG said it is around 57% booked for the second half of the year, with booked revenue currently in line with the same period last year. The airline expects to offset approximately 60% of its higher fuel expenses through increased ticket prices and ongoing cost-efficiency initiatives.
The latest results reflect the broader challenges facing the aviation industry, with several European carriers reporting similar pressures from rising operating costs, geopolitical tensions, and softer travel demand in recent months.
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