Advent Hotels International Reports Q3FY26 Results
Consolidated EBITDA up 18.5% YoY EBITDA margin at a healthy 36.7%, up 446 bps YoY Mumbai | February 25, 2026: Advent Hotels International announces its results for the quarter ending December 31, 2025 Key Highlights for Q3FY26 • Strong operating performance: RevPAR up 6% YoY; ARR up 3% YoY, occupancy rises to 85%.
• Consolidated revenue came in at INR 1.15 bn, with EBITDA at INR 422 mn, up by a robust 18.5% YoY, and EBITDA margin at 36.7%, up by a healthy 446 bps YoY, aided by operational efficiency and cost control.
• Occupancy levels remained healthy across both operational properties – Hilton Mumbai (171 keys, Rs 90% average occupancy) and Grand Hyatt Goa (313 keys, Rs 80% average occupancy), with total occupancy up at 84.6% vs 82.6% in Q3FY25.
• Sequentially, ARR and RevPAR rose, aided by peak tourist season in Goa, driving occupancy and ARR levels higher for our Grand Hyatt Goa property.
Development Pipeline Updates • Advent is focused on an ambitious development plan to operationalize five landmark Luxury and Upper-Upscale hotels in Mumbai and Delhi over the next 4–5 years, with 113 keys under expansion and 778 keys under construction, and 1,725 keys in the pipeline for development.
• Expansion is currently ongoing at Grand Hyatt Goa, with 113 additional keys to be added to the existing 313 operational keys.
• In partnership with global brands Marriott Marquis (590 keys) and St. Regis (188 keys), Advent is building India’s largest mixed-use hospitality development, situated in New Delhi’s Aerocity district; Advent has 49% economic interest in the project, which is being built on 7.7 acres of prime land at T3 Terminal, Aerocity. The project is expected to be operational by FY27.
• The Aerocity project will have 615,000 square feet of commercial leasable area and a 150,000 square feet conference facility.
• Advent is also planning to build out 550 hotel keys with ancillary facilities including Member’s Club in partnership with Waldorf Astoria Mumbai and Hilton Mumbai on 17 acres of prime land, with Prestige Estate as strategic JV partner; Advent has 50% economic interest in this project, with approvals awaited from relevant authorities post land vacation; expected launch is in FY30.
• Another forthcoming project of Advent is Riverwalk at Bandra Kurla Complex, Mumbai’s centrally located business hub, with the development expected to be carried out on 20 acres of prime land opposite the new Mumbai High Court; the project is expected to have 1,175 keys and a 200,000 square feet conference facility, with expected launch in FY31, Advent’s economic interest being 50%.
Consolidated Performance for Q3 FY26 Particulars (INR mn) Q3FY26 Q2FY26 Q3FY25 FY25 Total Income 1,147 770 1,103 3,666 EBITDA 422 173 356 1,309 EBITDA margin 36.7% 20.8% 32.3% 35.6% PBT 286 (28) 129 433 PAT 304 (12) 114 271 Operating KPIs for Q3 FY26 Particulars Q3FY26 Q2FY26 Q3FY25 FY25 No. of rooms 484 484 484 484 ARR (INR) 20,402 12,228 19,806 16,250 Occupancy 85% 83% 83% 80% RevPAR (INR) 17,039 10,056 16,079 13,063 About Advent Hotels International Advent Hotels International is committed to becoming a premier hospitality asset owner, specializing in the creation and ownership of luxury and upper-upscale hotels in prime micro-markets. With 20+ years of experience, Advent has redefined excellence in hospitality through a proven track record and an unwavering dedication to service.
Emerging from a unique corporate identity post-demerger, Advent is supported by a substantial legacy land portfolio, strong capital structure, and highly experienced board and management team. Our collection of signature luxury and upscale hotels is curated to deliver unparalleled guest experiences. Built on a solid foundation of expertise and vision, Advent is well-positioned for long-term growth and superior returns in the hospitality sector. At the end of December 31, 2025, Advent had 2 operational hotels – Hilton Mumbai and Grand Hyatt Goa - with 484 keys.
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