Advent Hotels inks ₹504 Crore JV deal with Prestige Estates for hotel development
Advent Hotels International Limited has entered into an Investment Agreement with Prestige Estates Projects Limited. Prestige Estates will acquire a 50% stake in Advent's subsidiary, ACHIL, for ₹504 Crores, forming a 50:50 joint venture for hotel development. This follows earlier agreements and a demerger process.
The transaction involves a significant investment of ₹504 Crores and the formation of a joint venture with a major player, which is expected to have a material impact on the company's future operations and strategic direction.
The announcement details a significant joint venture agreement with a substantial investment amount, indicating positive business development and expansion for the company.
Advent Hotels International Limited announced on 3rd July, 2026, that it has executed an Investment Agreement with Prestige Estates Projects Limited. Under this agreement, Prestige Estates will acquire a 50% equity stake in Advent Convention and Hotels International Limited (ACHIL), a wholly-owned subsidiary of Advent Hotels, for a sum of ₹504 Crores.
This transaction will transform ACHIL from a wholly-owned subsidiary into a 50:50 joint venture entity, with Advent Hotels retaining the remaining 50% economic and voting interest. This development aligns with a framework agreement previously intimated on 29th May, 2025, by Valor Estate Limited (erstwhile holding company) for the joint development of a strategic land parcel at Sahar, Andheri East, Mumbai.
The land parcel, measuring 21,978.22 sq. meters, was initially owned by Esteem Properties Private Limited, subsequently merged with Valor Estate. Following a demerger approved by the NCLT on 12th June 2025, the hotel undertaking, including the project property, was transferred to Advent Hotels. The company then designated ACHIL as the exclusive Special Purpose Vehicle (SPV) for the project, to which the property was conveyed. The execution of this Investment Agreement finalizes the 50:50 joint venture partnership between Advent Hotels and Prestige Estates.
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Advent Hotels International Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Advent Hotels International Limited. Read the original for the full detail.