Juniper Hotels Limited (JHL) is gearing up for a major expansion move as it sets its sights on acquiring the iconic JW Marriott Bengaluru. The company has submitted its interest as part of the Corporate Insolvency Resolution Process (CIRP), aiming to revive and take over the distressed luxury hotel property.
What’s the Target?
The acquisition plan revolves around Gstaad Hotels Private Limited, the company that owns and operates the JW Marriott Bengaluru. Located at 24/1, Vittal Mallya Road/Kasturba Road, Bengaluru – 560001, this five-star property is one of the most renowned luxury hotels in the city.
Why JHL Wants This Property
For Juniper Hotels, the potential acquisition fits perfectly into its long-term strategy of strengthening its presence in the premium hospitality segment. Reviving a high-value distressed property gives the company an opportunity to expand without starting from scratch.
The deal is structured purely as a cash-based acquisition. While JHL has not yet secured any stake or control, the insolvency process involves a large financial commitment—claims admitted by the Committee of Creditors (CoC) stand at around ₹1,175 crore. The final acquisition cost will be clear only after JHL’s resolution plan is evaluated and approved.
Approvals and Timeline
This is not a related-party transaction, and JHL’s promoters do not have any direct or indirect interest in Gstaad Hotels.
However, the acquisition can only move forward after two key approvals:
Committee of Creditors (CoC) approval
National Company Law Tribunal (NCLT) approval under the Insolvency and Bankruptcy Code (IBC), 2016
Because these steps are part of a legal and structured process, the exact timeline for completion cannot be determined yet. If approved, the takeover may happen in multiple phases.
In short, Juniper Hotels Limited is actively pursuing the takeover of JW Marriott Bengaluru by submitting a resolution plan to clear the company’s debt. The bid could significantly boost JHL’s luxury hotel portfolio—provided it secures the necessary approvals from creditors and the NCLT.
