9 months ago
Advent Hotels to Debut on Stock Exchanges in November
A company called Advent Hotels, which used to be part of Valor Estate, is becoming its own company on the stock market.
This new company wants to open many fancy hotels in big Indian cities.
They already have a couple of hotels and more are being built.
These new hotels will be in important areas and will be managed by experienced companies.
The goal is to have a lot more hotel rooms ready in the next few years and make more money from them.
This is happening at a time when India needs more hotel rooms because many people want to travel.
Advent Hotels International Ltd will be listed as a separate entity on November 13.
The company aims to expand its portfolio of luxury and upscale hotels across major Indian cities.
Valor shareholders will receive one share of Advent for every ten shares they hold in Valor.
Advent currently operates two hotels and has several under construction and in the pipeline, totaling a significant number of keys.
The expansion strategy focuses on prime central business district locations and partnerships with established operators.
- Who
- Advent Hotels International Ltd, the hospitality arm of Valor Estate Ltd
- What
- Listing as a separate entity on stock exchanges and expansion of luxury and upscale hotels
- Where
- Major Indian cities including Mumbai, Goa, and Delhi (Aerocity)
- When
- Listing on November 13; expansion pipeline stabilizing by FY32
- Why
- To build a portfolio of luxury and upscale hotels, provide focused management, and establish a clear capital structure.
Key facts
- Listing Date
- November 13
- Company Structure
- Demerged entity from Valor Estate Ltd
- Shareholder Ratio
- 1 Advent share for 10 Valor shares
- Current Hotels
- 2 (Hilton Mumbai, Grand Hyatt Goa)
- Under Construction Hotels
- 2 (Marriott Marquis and St Regis, Aerocity, Delhi)
- Upcoming Hotels
- Waldorf Astoria and Hilton, Mumbai
- Projected Keys
- 3,100 keys across seven hotels
- Projected EBITDA
- Over ₹660 crore by FY32
Quotes
Rahul Pandit
managing director and chief executive, Advent Hotels
“There is a huge focus on growth. Advent's portfolio, with seven hotels, is on track to expand to 3,100 keys. Ebitda (earnings before interest, taxes, depreciation and amortization) currently under ₹200 crore, will grow to over ₹660 crore as the pipeline stabilizes by FY32.”
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“The five hotels underway and in the pipeline are in high-value locations and will offer luxury and upper upscale hotel experiences. The overall hospitality industry has been performing well, with demand outstripping supply across price segments.”
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Shahid Balwa
vice-chairman and managing director, Valor Estate
“Advent's strategy is to build fairly large hotel properties in prime CBD (central business district) locations in key cities. The focus is that the hotels are managed well by the operators appointed. The pipeline is significant, and there will be further expansion, going forward.”
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“The idea is not only to scale up Advent, but also to provide focused management and a clear capital structure.”
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