Juniper Hotels has signed an MoU to acquire Novotel Imagicaa in Khopoli, Maharashtra, for ₹248 crore. The five-star property has 287 rooms across approximately 11 acres beside Imagicaa Theme Park and Water Park. The acquisition would strengthen Juniper’s Mumbai-Pune presence and support leisure, weekend, MICE and social travel, while offering potential for expanded banqueting and upgraded positioning.