SEBI Greenlights Juniper Hotels' IPO: What Investors Need to Know

SEBI Greenlights Juniper Hotels' IPO: What Investors Need to Know

By Author

Published on February 9, 2024

Big news for India's hospitality sector: Juniper Hotels, a key player with a strong affiliation to the Hyatt brand, is gearing up for a grand debut in the stock market. The Securities and Exchange Board of India (SEBI) has given the green light for its initial public offering (IPO), signaling a new chapter for the company and investors alike.

Juniper Hotels isn't just any hotel chain. With a portfolio of seven hotels and serviced apartments totaling 1,836 keys, it's a beacon of luxury and comfort for travelers. As of June 30, 2023, it proudly held 20% of the Hyatt-affiliated hotel keys in India. This isn't just about numbers; it's about offering a top-notch hospitality experience across major cities including Mumbai, Lucknow, Raipur, Delhi, Ahmedabad, and the historic Hampi.

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The IPO aims to raise a cool Rs18bn (about $216.72m), with plans to issue equity shares at a face value of Rs10 entirely through a fresh issue. There's no offer for sale (OFS) here; instead, there's a focus on fresh growth and expansion. There's also talk of a private placement that could raise up to Rs3.5bn ($42.14m), potentially adjusting the size of the fresh issue based on its success.

Why all this buzz? Juniper Hotels plans to use the net proceeds for some serious financial housekeeping, including repaying, prepaying, or redeeming certain outstanding borrowings, and for general corporate purposes. This strategic move is aimed at strengthening their foundation and fueling future growth.

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The IPO has attracted top-notch managers, with JM Financial, CLSA India, and ICICI Securities leading the charge. KFin Technologies is on board as the registrar, ensuring a smooth process for investors. And for those looking to invest, the equity shares are set to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), making them accessible to a wide audience.

Behind Juniper Hotels are Saraf Hotels and Two Seas Holdings, co-owners with a vision for luxury hotel development and ownership. Their diverse portfolio spans various categories from luxury to upscale, showcasing their ability to cater to a wide range of guests and preferences.

As Juniper Hotels steps into the public arena with its IPO, it's not just a win for the company but a vibrant opportunity for investors and a promising sign for India's hospitality industry. With a mix of luxury, strategic growth plans, and a commitment to excellence, Juniper Hotels is all set to make its mark and possibly become a favorite among investors and travelers alike.


Royal Caribbean Group raises dividend by 33% to $1 per share

Royal Caribbean Group raises dividend by 33% to $1 per share

By Manu Vardhan Kannan

Published on September 14, 2025

Royal Caribbean Group (NYSE: RCL) has announced a significant increase in its shareholder returns, declaring a 33% hike in its quarterly dividend. The company’s Board of Directors approved a dividend of $1.00 per common share, payable on October 13, 2025, to shareholders of record at the close of business on September 25, 2025.

Jason Liberty, President and CEO of Royal Caribbean Group, said the move underscores the company’s confidence in its performance and long-term growth strategy. “Today’s dividend increase reflects both the strength of our performance and our commitment to return capital to shareholders. This increase in dividend, along with our ongoing share repurchase program, highlights our balanced approach to capital allocation, returning value to shareholders while funding future growth,” Liberty stated.

Royal Caribbean Group is a global leader in the vacation industry, operating a fleet of 68 ships across five brands that serve millions of guests annually. Its portfolio includes Royal Caribbean International, Celebrity Cruises, and Silversea, as well as land-based experiences such as Perfect Day at CocoCay and the Royal Beach Club collection. The company also holds a 50% joint venture in TUI Cruises, which manages brands like Mein Schiff and Hapag-Lloyd Cruises.

With a reputation for innovation and guest-focused experiences, Royal Caribbean Group continues to expand its global footprint while maintaining its commitment to responsible and sustainable growth.


Apeejay Surrendra Park Hotels Reports Rs 13 Crore Net Profit in Q1 FY26

Apeejay Surrendra Park Hotels Reports Rs 13 Crore Net Profit in Q1 FY26

By Manu Vardhan Kannan

Published on August 18, 2025

Apeejay Surrendra Park Hotels Limited (ASPHL) announced its financial results for Q1 FY26, recording a net profit of Rs 13 crore. Revenue from operations stood at Rs 154 crore, a 14% increase year-on-year, while operating EBITDA grew 16% YoY to Rs 45 crore. The company maintained an industry-leading occupancy of 92%, reaffirming its leadership in the hospitality sector.

ASPHL’s growth is fueled by expansion into Tier 2 and Tier 3 markets. The company recently signed an MoU to acquire and manage four leisure properties in Goa, Manali, Shimla, and Dharamshala, adding 138 rooms under its brand. These steps align with ASPHL’s strategy to broaden its presence in high-potential tourism destinations and double its key count to 5,750 over the next five years.

Flurys, ASPHL’s iconic bakery and confectionery brand, now operates 102 outlets nationwide, reflecting the company’s focus on expanding its market presence while integrating modern amenities with rich cultural heritage.

Commenting on the performance, Vijay Dewan, Managing Director, Apeejay Surrendra Park Hotels, said,

"We have delivered an extraordinary and best-ever Q1, setting a strong momentum for the year ahead. With topline growth of 14% and EBITDA growth of 16%, we recorded India’s highest occupancy of 92% and maintained leadership in RevPAR in the upper-upscale segment. ARR improved by 13% and RevPAR increased by 12%. With nearly 600 new rooms added, including a 41% rise in our asset-light model, and nationwide Flurys rollout, we are poised to scale faster, enhance margins, and deliver exceptional shareholder value."

ASPHL’s strong performance in Q1 FY26 underscores its strategic focus on market expansion, operational excellence, and premium guest experiences.


Marriott Announces Dividend and Expands Share Buyback Plan

Marriott Announces Dividend and Expands Share Buyback Plan

By Manu Vardhan Kannan

Published on August 10, 2025

Marriott International, Inc. has declared a quarterly cash dividend of 67 cents per share on its common stock, reaffirming its commitment to delivering shareholder value. The dividend will be paid on September 30, 2025, to shareholders who are on record as of August 21, 2025.

Alongside the dividend announcement, the hospitality giant also revealed an expansion of its share repurchase program. The board of directors has authorized the repurchase of an additional 25 million shares of its Class A common stock. This comes in addition to the approximately 7.4 million shares that were still available under previous authorizations as of July 30, 2025.

Marriott has already bought back 6.4 million shares this year, amounting to $1.7 billion. These moves reflect the company’s continued confidence in its financial stability and long-term performance, aiming to strengthen shareholder value through strategic capital allocation.

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