Advent Hotels acquires 21,978 sqm Mumbai land parcel for ₹275 crore to anchor luxury pipeline
Advent Convention and Hotels International bought a 21,978 sqm Sahar, Vile Parle parcel from its parent for ₹275 crore plus ₹16.5 crore stamp duty. The deal feeds a 3,517-key luxury pipeline across MMR, Delhi Aerocity and Goa with Hilton, Hyatt and Marriott, supporting projected FY26 revenue of ₹387.6 crore and PAT of ₹63.18 crore.
What happened
Advent Convention and Hotels International bought 21,978 sqm in Sahar, Vile Parle from parent Advent Hotels International for ₹275 crore, expanding its luxury
Key facts
- ₹275 crore
- 21,978.22 sqm
- ₹16.5 crore stamp duty
- 3,517 keys
- ₹387.6 crore FY26 revenue
- ₹63.18 crore FY26 PAT
Why this matters
The parent-to-subsidiary land transfer at ₹275 cr plus ₹16.5 cr stamp duty signals Advent is consolidating luxury real estate on the listco balance sheet ahead of further brand tie-ups across MMR, Aerocity and Goa.