Juniper Hotels bids for distressed JW Marriott property in Bengaluru via insolvency process

Juniper Hotels Limited has announced its move to acquire the prized JW Marriott hotel property in Bengaluru, currently owned by the insolvent Gstaad Hotels Private Limited.

In a regulatory filing to the stock exchanges on Thursday, the hotel chain informed that its Board of Directors, in a meeting held on November 26, 2025, has approved the company’s participation in the Corporate Insolvency Resolution Process (CIRP) of Gstaad Hotels.

The target asset is the five-star hotel situated at 24/1, Vittal Mallya Road in Bengaluru. According to the disclosure, the proposed acquisition is a strategic move to revive a distressed asset and is aligned with Juniper’s long-term growth strategy in the premium hospitality sector.

Financials and claims

The disclosure reveals the scale of the distressed company’s debt. The claims admitted by the Committee of Creditors (CoC) for Gstaad Hotels amount to approximately ₹1,175 crore. Juniper Hotels has stated that the final acquisition cost will be determined upon the submission of its final resolution plan and will be a cash consideration.

Despite its financial troubles, the hotel asset has shown growing operational revenue. Gstaad Hotels reported an unaudited turnover of ₹246.93 crore for the fiscal year 2024-25, up from ₹216.40 crore in FY24 and ₹190.88 crore in FY23.

Insolvency background

Gstaad Hotels Private Limited was admitted into the CIRP under the Insolvency and Bankruptcy Code, 2016 (IBC). The company operates the JW Marriott Bengaluru, a prominent upscale hotel in the city’s central business district.

The Path Ahead

Juniper Hotels clarified that the acquisition is not a Related Party Transaction and that its promoters have no interest in Gstaad Hotels.

The completion of the deal is contingent on key approvals, primarily from the CoC and the National Company Law Tribunal (NCLT). The company noted that the indicative timeline for completion is not yet ascertainable and is dependent on the CIRP process.

If successful, this acquisition would mark a significant expansion for Juniper Hotels, adding a high-profile, revenue-generating asset in a key market to its portfolio.

Also See: NCLT initiates insolvency proceedings against Gstaad Hotels over Rs 666 crore default