Brookfield Asset Management is reportedly planning to list its luxury hotel chain, The Leela Palaces, Hotels & Resorts. The Canada-based asset manager had earlier committed to investing over 1,500 crore in the hotel chain, which was the largest-ever foreign investment in the Indian hospitality sector. The move comes as India s hospitality sector has rebounded strongly post-Covid-19, with a surge in demand for premium experiences. Other luxury operators like Marriott International have also seen a rise in deals, indicating a positive trend in the sector.
Juniper Hotels Ltd, operating under the Hyatt brand, made a modest entry into the market on Wednesday. The shares were issued at Rs 360., Markets News, Times Now
Juniper Hotels shares listed at a premium on NSE and BSE. The IPO scraped through with 2x subscription. The company raised Rs 810 crore from anchor investors. The net proceeds of Rs 1,500 crore will be used for repayment and general corporate purposes. Juniper Hotels is co-owned by Saraf Hotels and Two Seas Holdings, an affiliate of Hyatt Hotels Corp.
India Business News: Shares of Juniper Hotels listed at Rs 361.20 on BSE, surged over 10% to reach Rs 397.30. On NSE, it debuted at Rs 365, gained 1.38% to reach Rs 397.70