Advent Hotels - Prestige Estates JV

1. Strategic Joint Venture for Sahar Project: Advent Hotels will sell a 50% stake in its hotel SPV (ACHIL) to Prestige Estates Projects for ₹504 crore, converting ACHIL into a 50:50 joint venture to jointly develop the Sahar hospitality project. 2. Positive for Growth & Capital Efficiency: The transaction unlocks ₹504 crore in capital for Advent Hotels while bringing in Prestige’s execution expertise and financial strength, reducing project risk and supporting faster development of the premium hotel asset. $PRESTIGE