Investor Presentation - Q1 FY 26 of Advent Hotels International Limited
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Valor Estate submitted to BSE the Q1 FY26 investor presentation of its recently demerged hospitality arm, Advent Hotels International Limited. In Q1 FY26, Advent posted revenue of Rs 74.1 Cr (up from Rs 65.9 Cr YoY) and EBITDA of Rs 28.1 Cr (up from Rs 25.4 Cr YoY), with occupancy improving to 82% and RevPAR at Rs 10,769. The company currently operates 484 keys across Grand Hyatt Goa and Hilton Mumbai, with another 778 keys under construction (Marriott Marquis and St. Regis in Delhi) and 1,725 keys in the pipeline, targeting 3,100 keys by FY31-FY33. Management projects stabilized annuity revenue of Rs 1,400+ Cr and EBITDA of Rs 660 Cr by FY32E. Notably, Advent holds an option to acquire the forthcoming hospitality assets from Valor Estate on an arm's-length basis once certain conditions are met.
Positive signal for long-term growth with a clear 4-5 year expansion roadmap and improving operating metrics, though the related-party acquisition option from promoter entity Valor warrants close scrutiny. The Q1 results show healthy YoY improvement in occupancy and RevPAR, supporting the premium hospitality thesis.