Juniper Hotels Sets Date for INR 1,800 Crore IPO Under Hyatt Brand

Juniper Hotels Sets Date for INR 1,800 Crore IPO Under Hyatt Brand

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.

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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.

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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.


Union Budget 2026: Foodlink CMD calls for tourism and GST reforms

Union Budget 2026: Foodlink CMD calls for tourism and GST reforms

By Hariharan U

Published on January 16, 2026

Sharing his expectations from the Union Budget 2026, Sanjay Manohar Vazirani, Chairman and Managing Director of Foodlink F&B Holdings (India) Limited, said the hospitality and foodservice sector today mirrors India’s evolving consumption story, shaped by rising disposable incomes, experiential spending, and renewed momentum in tourism and events.

Vazirani noted that sustained focus on infrastructure development, tourism promotion, and improved urban connectivity would create a strong multiplier effect for hospitality-led businesses. He said such measures would help India strengthen its positioning as a global destination for premium culinary and lifestyle experiences.

From an industry standpoint, he highlighted the importance of GST rationalisation, clearer compliance frameworks, and continued support for skill development. According to Vazirani, these steps would not only improve operating efficiencies but also reinforce employment generation across the hospitality and foodservice value chain.

He further added that measures aimed at easing access to credit, simplifying trade processes, and supporting Indian hospitality brands expanding globally would benefit the sector while contributing to a stronger, services-driven economy.

Vazirani emphasised that a growth-oriented Budget, one that balances fiscal discipline with consumption-led and tourism-driven growth, has the potential to significantly accelerate India’s hospitality and experiential economy in the years ahead.


Aircastle to Announce Third Quarter Financial Results

Aircastle to Announce Third Quarter Financial Results

By Manu Vardhan Kannan

Published on January 2, 2026

Aircastle Limited has announced that it will release its third quarter financial results for the period ended November 2025. The results will be made public before market hours, offering investors and industry stakeholders insights into the company’s recent performance.

Alongside the announcement, Aircastle’s management will host a conference call to discuss the financial results and provide updates on business operations. The call will be open to all interested participants, including analysts, investors, and members of the public.

Participants will be able to join the live conference call by dialing the designated toll-free or international access numbers. Callers are advised to join a few minutes early and reference the company name, “Aircastle,” when prompted by the operator.

A simultaneous webcast of the conference call will also be made available on a listen-only basis through the company’s official website. Listeners are encouraged to visit the website in advance to ensure that any required software is installed for uninterrupted access.

For those unable to attend the live session, a replay of the webcast will be available on Aircastle’s website shortly after the conclusion of the conference call, allowing stakeholders to review the discussion at their convenience.


SKA Arcadia Strengthens Retail Mix with Bercos, The Barbeque Company & Domino’s at Wave City

SKA Arcadia Strengthens Retail Mix with Bercos, The Barbeque Company & Domino’s at Wave City

By Author

Published on December 28, 2025

SKA Group has announced the addition of three popular food and beverage brands—Bercos, The Barbeque Company, and Domino’s—to the retail portfolio of SKA Arcadia, its flagship commercial development in Wave City, Ghaziabad. The new brands will occupy a combined area of over 14,500 sq. ft., further enhancing the project’s appeal as a high-potential neighbourhood retail destination.

Strategically positioned at the main entrance of Wave City on NH-24, SKA Arcadia benefits from excellent connectivity to Ghaziabad, Indirapuram, and surrounding premium residential catchments. Its location, coupled with a thoughtfully curated tenant mix, continues to position it as one of the region’s most attractive emerging commercial hubs.

Commenting on the development, Sanjay Sharma, Director, SKA Group, said that SKA Arcadia has been envisioned as a neighbourhood centre offering everyday convenience, quality dining, and a strong sense of community. He added that the inclusion of Bercos, The Barbeque Company, and Domino’s reflects the group’s focus on curating brands aligned with evolving consumer lifestyles, while creating a vibrant ecosystem where both retailers and customers can thrive as Wave City continues to grow.

The newly signed brands join established anchor tenants such as Haldiram’s, which occupies over 11,000 sq. ft. at the development. With these additions, SKA Arcadia further strengthens its positioning as a modern, experience-driven commercial destination designed for high footfall, convenience, and long-term value creation.

Spread across 2 acres, SKA Arcadia is a signature high-street commercial development featuring five floors of retail and dining spaces. The project offers premium amenities including fine dining restaurants, a food court, escalators, elevators, multi-level mechanical parking, power backup, and high-speed Wi-Fi, and is registered under RERA number UPRERAPRJ228610/03/2025.

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