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Juniper Hotels Ltd on Friday (August 14) will invest around ₹850 crore to develop a luxury five-star hotel with approximately 550 keys in Sector 23, Dwarka, Delhi, strengthening its presence in the national capital.
The company has executed a licence deed with the Delhi Development Authority (DDA) through its wholly owned subsidiary, Juniper Hospitality Assets Private Limited. The agreement was executed in the presence of Taranjit Singh Sandhu, Lieutenant Governor of Delhi.
The new hotel will overlook the DDA Dwarka Golf Course, described by the company as India's longest 18-hole golf course. The course has been designed by golf course architects Phil Ryan and Paul Reeves.
ALSO READ | Juniper Hotels Q3: Shares up 4% on strong growth as net profit jumps 101%
The hotel is strategically located with proximity to important convention and exhibition venues. The company said the location is expected to enhance the property's appeal to premium leisure and business travellers.
Upon completion, Juniper Hotels' presence in New Delhi will expand to approximately 1,000 keys. The hotel is targeted for completion by 2030.
Strategically located, the hotel will be in proximity to Yashobhoomi Convention Centre, one of the largest convention and exhibition venues in India and Asia by area, as well as the Dwarka Sports Complex.
ALSO READ | Juniper Hotels Q4 revenue rises 8%; profit dips on exceptional items
The property is also expected to be among the first hotels positioned to serve the upcoming Diplomatic Enclave proposed opposite the hotel site, placing it at the heart of a rapidly emerging business, convention and diplomatic hub in New Delhi.
With the addition of the new Delhi hotel and completion of its ongoing development projects, Juniper Hotels is expected to have a portfolio of 12 hotels, while the Company continues to evaluate inorganic opportunities to achieve its milestone of doubling its key count to approximately 3,900 keys by FY2030-31.
Juniper Hotels has a portfolio of seven operating hotels with 1,895 keys, including 245 serviced apartments. The company is set to open the Westin Bengaluru, with 235 rooms, in October 2026, and has five other greenfield projects at various stages of development.
ALSO READ | Juniper Hotels Q2 Results: Shares jump as firm swings to profit, margin expands
Shares of Juniper Hotels Ltd ended at ₹193.00, down by ₹0.20, or 0.10%, on the BSE.
The company has executed a licence deed with the Delhi Development Authority (DDA) through its wholly owned subsidiary, Juniper Hospitality Assets Private Limited. The agreement was executed in the presence of Taranjit Singh Sandhu, Lieutenant Governor of Delhi.
The new hotel will overlook the DDA Dwarka Golf Course, described by the company as India's longest 18-hole golf course. The course has been designed by golf course architects Phil Ryan and Paul Reeves.
ALSO READ | Juniper Hotels Q3: Shares up 4% on strong growth as net profit jumps 101%
The hotel is strategically located with proximity to important convention and exhibition venues. The company said the location is expected to enhance the property's appeal to premium leisure and business travellers.
Upon completion, Juniper Hotels' presence in New Delhi will expand to approximately 1,000 keys. The hotel is targeted for completion by 2030.
Strategically located, the hotel will be in proximity to Yashobhoomi Convention Centre, one of the largest convention and exhibition venues in India and Asia by area, as well as the Dwarka Sports Complex.
ALSO READ | Juniper Hotels Q4 revenue rises 8%; profit dips on exceptional items
The property is also expected to be among the first hotels positioned to serve the upcoming Diplomatic Enclave proposed opposite the hotel site, placing it at the heart of a rapidly emerging business, convention and diplomatic hub in New Delhi.
With the addition of the new Delhi hotel and completion of its ongoing development projects, Juniper Hotels is expected to have a portfolio of 12 hotels, while the Company continues to evaluate inorganic opportunities to achieve its milestone of doubling its key count to approximately 3,900 keys by FY2030-31.
Juniper Hotels has a portfolio of seven operating hotels with 1,895 keys, including 245 serviced apartments. The company is set to open the Westin Bengaluru, with 235 rooms, in October 2026, and has five other greenfield projects at various stages of development.
ALSO READ | Juniper Hotels Q2 Results: Shares jump as firm swings to profit, margin expands
Shares of Juniper Hotels Ltd ended at ₹193.00, down by ₹0.20, or 0.10%, on the BSE.
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