Juniper Hotels Limited has recently informed exchanges that the company has secured a term loan of INR 280 crore from ICICI Bank Limited.
The loan will be used for acquiring a hotel property in Bengaluru. The loan agreement contains a first pari passu hypothecation charge over Grand Hyatt Mumbai Hotel and Residences’ assets.
Juniper Hotels is a leading luxury hotel development and ownership firm. The company’s portfolio includes seven hotels with 1836 keys (including 245 serviced apartments) in prominent locations around India. Juniper Hotels has emerged as a market leader by operating its assets while offering a high-quality guest experience.