Advent Hotels International Ltd., a marquee owner of luxury and upper-upscale hotels in high-demand micro-markets across India, has announced that its equity shares will be listed on the National Stock Exchange of India (NSE) and BSE on 13 November 2025. The listing marks a major milestone in the company’s evolution as a dedicated hospitality platform, offering enhanced market visibility, improved liquidity for shareholders and a stronger capital base to support future expansion. Carved out of Valor Estate Ltd (formerly DB Realty Ltd), Advent Hotels now operates independently with its own Board and management team following the demerger. The company is focused on developing, owning and managing premium hotel assets across India. Promoter Director Arshad Balwa said the listing reinforces Advent’s commitment to an institutionally governed, capital-efficient hospitality platform. “Our goal is to deliver mid-teens compounded ROE over the next decade through careful acquisitions and disciplined capital allocation,” he said. Advent Hotels currently operates two flagship properties: a 313-key Grand Hyatt in Bambolim, Goa — with an additional 113 keys under development — and a 171-key Hilton-branded hotel in Andheri East, Mumbai. Managing Director and CEO Rahul Pandit described the listing as a defining moment for the company. He said Advent’s asset-heavy model, marquee brand partnerships and strong development pipeline position it well to capture the next phase of premium and luxury hospitality growth in India. “The listing enhances our financial flexibility, strengthens governance and supports long-term value creation,” he added. The company is expanding its portfolio through strategic partnerships, including two upcoming hotels at Aerocity, Delhi — St. Regis and Marriott Marquis — being developed with the Prestige Group and expected to open in FY27. Future developments also include the Waldorf Astoria and Hilton at Worli, Mumbai, and a 1,175-key hotel at BKC, Mumbai. With five projects under construction, Advent is on track to expand to 3,100 keys. EBITDA, currently under Rs 2 billion, is projected to exceed Rs 12 billion by FY32 as new assets mature. In addition, Advent will develop its 5.4-acre Sahar parcel in Andheri East into a 1.50 million sq ft hospitality-led integrated project with a gross development value of around Rs 45 billion through Advent Convention & Hotels International Ltd, a 50:50 joint venture between Prestige Group and Advent Hotels.