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.
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Juniper Hotels, promoted by the Saraf Group and Hyatt Hotels Corporation, and backed by its positioning in the luxury hotel development segment is the largest owner of Hyatt-affiliated hotels, said Elara.
Broker's call: Juniper Hotels (Buy) - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Juniper Hotels opened at Rs 365 (which was also its day s low), up 1.4 percent over the issue price of Rs 360, and extended upward journey up to Rs 401.50 on the NSE, an intraday high.