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Varun Saraf, managing director, Saraf Hotels Enterprises said the company is delighted to introduce the second Hyatt Place hotel in the UNESCO World Heritage Site of Bodh Gaya, after Hampi. ....
Juniper Hotels, owned by Saraf Group, has filed its Draft Red Herring Prospectus (DRHP) with Sebi to raise funds for its IPO. The IPO will consist of a fresh issue of equity shares worth up to Rs 1800 crore. The proceeds will be used for debt repayment and general corporate purposes. Juniper Hotels is a luxury hotel development company and the largest Hyatt-affiliated owner in India. It plans to add more luxury and upscale hotels to its portfolio. The IPO comes as the travel and hospitality sector experiences a strong rebound. ....