Juniper Hotels gains after inking pact with Jenipro Hotels to develop hotel/resort in Assam

Jenipro Hotels' main business activity is to purchase, construct, acquire or otherwise deal in hotels and related services and operates within Indian market.

The company will develop a 5 star hotel/resort of International Standard on Kaziranga Land which has been taken on lease by Jenipro from Assam Tourism Development Corporation to develop a tourism infrastructure under a public-private partnership (PP) model.

The company will acquire a 100% stake in Jenipro Hotels for a total consideration of Rs 2.74 crore, at Rs 2,747.43 per share.

Post acquisition, Jenipro Hotels Private will become wholly owned subsidiary of the company. The transaction is a related party transaction, as Juniper Investments, the promoter of the company, is also existing shareholder of Jenipro.

Juniper Hotels operates a luxury hotel chain under the Hyatt brand. The company's hotels and serviced apartments are classified under three distinct segments: the Grand Hyatt Mumbai Hotel and Residences and Andaz Delhi; upper upscale the Hyatt Delhi Residences, Hyatt Regency Ahmedabad, Hyatt Regency Lucknow and Hyatt Raipur; and upscale Hyatt Place Hampi.

The company's consolidated net profit surged 32.49 crore in Q3 FY25 as compared with Rs 3.54 crore in Q3 FY24. Net sales increased 6.9% YoY to Rs 252.50 crore during the quarter ended 31st December 2024.

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