Juniper Hotels Limited has informed the Exchange regarding a press release dated March 03, 2026, titled "Juniper Hotels Limited expands its presence in the Capital City of New Delhi".
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Juniper Hotels has received a Letter of Award from the Delhi Development Authority (DDA) on March 2, 2026, after being declared the successful bidder for license rights to a 2.524-acre land parcel in Sector 23, Dwarka, New Delhi. The company plans to develop a 5-star luxury hotel with approximately 500 keys, food and beverage outlets, banqueting facilities, and some commercial space. The property is strategically located near the Yashobhoomi India International Convention Centre and Delhi International Airport. The LOA is valid for 12 months, during which the formal lease agreement will be executed. This addition will take Juniper's total inventory in the National Capital Region (NCR) to over 1,000 keys, complementing its existing Andaz Delhi (401 rooms and 129 serviced apartments) in Aerocity.
This is a meaningful expansion in a high-demand metro market and reinforces the company's strategy of building large 'big box' hotel assets near key business and convention hubs. The proximity to the airport and a major convention centre should support strong Average Room Rate (ARR) and MICE-driven revenue, potentially enhancing long-term shareholder value, though the lease execution and project development timeline remain key milestones to watch.