Advent Hotels to list on NSE and BSE, targeting sixfold growth and ₹1,200 crore EBITDA by FY32.
Advent Hotels International, a leading owner of luxury and upper-upscale hotels in high-demand markets across India, announced the proposed listing of its shares on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The listing marks a significant milestone in Advent’s journey as a dedicated hospitality platform, enhancing market visibility, improving liquidity for shareholders, and strengthening its capital base for future expansion.
Formed after its demerger from Valor Estate Ltd (formerly DB Realty), Advent Hotels International now operates independently with a focused strategy on developing, owning, and managing marquee hospitality assets across India. The company has an independent Board and management team committed to institutional governance and long-term value creation.
Arshad Balwa, Promoter Director of Advent Hotels International Limited, said, “The listing of Advent Hotels International reinforces our commitment to building an institutionally governed and capital-efficient hospitality platform. We are dedicated to operational excellence and disciplined capital allocation, with the goal of delivering a mid-teens compounded ROE over the coming decade.”
Advent currently operates two major hotels: a 313-key Grand Hyatt property in Bambolim, Goa (with an additional 113 keys under development), and a 171-key Hilton-branded property in Mumbai’s Andheri East.
Rahul Pandit, Managing Director and CEO of Advent Hotels International, added, “This listing marks a defining moment for Advent Hotels International as we build one of India’s most admired hospitality platforms.”
He continued, “With marquee partnerships, a strong development pipeline, and an asset-heavy structure, we are well-positioned to capture the next phase of growth in India’s luxury and premium hospitality sector.”
Advent is expanding through strategic partnerships and joint ventures, including two upcoming hotels in Delhi Aerocity — St. Regis and Marriott Marquis — being developed with the Prestige Group and slated to open in FY27. The company’s upcoming portfolio also includes the Waldorf Astoria and Hilton at Worli, Mumbai, and a 1,175-key hotel at BKC, Mumbai.
With five projects under development, Advent is on track to grow sixfold to 3,100 keys by FY32. EBITDA, currently under ₹200 crore, is projected to exceed ₹1,200 crore as the portfolio matures, reflecting the company’s robust and institutional approach to growth.
Additionally, Advent will develop its 5.4-acre Sahar (Andheri East, Mumbai) land parcel into a 1.5 million sq. ft. hospitality-led integrated project valued at approximately ₹4,500 crore through Advent Convention & Hotels International Ltd., a 50:50 joint venture with Prestige Estates.
The proposed listing represents a new chapter in Advent Hotels International’s journey to becoming a benchmark for excellence, governance, and growth in India’s hospitality industry.
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