Advent Hotels Targets Luxury Growth in Major Metros

Advent​‍​‌‍​‍‌​‍​‌‍​‍‌ Hotels International, a hotel asset management firm based in Mumbai, will broaden its presence in the micro markets of metro cities mainly in the upper upscale and luxury segments.

The firm will make its initial trade on the BSE and NSE on November 13, after the separation of Valor Estate’s hotel business in April — a move aimed at unbundling hotel management from real estate operations to create value.

“Hotels need a completely different capital structure to real estate ventures,” said Shahid Balwa, Vice-Chairman and MD of Valor Estate, explaining that the company makes a policy of bringing big hotels to “markets that are very hard to penetrate.”

Advent is the owner of two hotels — Hilton International in Mumbai and Grand Hyatt in Goa — with a combined room count of 484, and it is also going to add 113 rooms at the latter. The company has a pipeline of five projects, with the biggest being the Marriott Marquis and St. Regis at Aerocity in New Delhi, where it plans to add 778 keys by January 2027.

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The Aerocity project, a joint development with Prestige Estate, will be the largest mixed-use hospitality venture in India with a total investment of Rs 5,400 crore. Exploring the possibilities of collaborations with Accor Hotels, Advent is going to witness a portfolio of 3,100 keys with a capital commitment of Rs 5,000 crore.

“Our EBITDA will be just under Rs 200 crore at the moment and we are expecting it to go beyond Rs 1,200 crore by FY32,” stated Rahul Pandit, MD & CEO, when sectoral demand got stronger and showed an 8% CAGR against 5% supply ​‍​‌‍​‍‌​‍​‌‍​‍‌growth.