Juniper Hotels has signed a binding agreement to acquire the 287 key Novotel Imagicaa property in Maharashtra. The deal will expand the company’s presence in the Indian hospitality market and add another major hotel asset to its portfolio.

The acquisition forms part of the company’s broader expansion strategy as it continues to strengthen its position in the hotel sector. The Novotel Imagicaa property near Mumbai will become part of Juniper Hotels’ growing portfolio following completion of the agreement.

The development highlights continued activity in India’s hotel industry, with hospitality companies expanding their portfolios through new properties and strategic acquisitions.