Advent to scale up luxury hotel growth

Advent Hotels International Ltd, the hospitality arm carved out of Valor Estate Ltd (formerly DB Realty), will list as a separate entity on the stock exchanges on 13 November, as it seeks to build a portfolio of luxury and upscale hotels across major Indian cities through a partnership route, an executive said.

- Madhurima Nandy

The company's move marks diversification beyond residential realty into high-value hospitality, at a time India's branded hotel supply is growing rapidly and demand continues to outpace new capacity.