Whalesbook
Advent Hotels International has disclosed on March 31, 2026, that its wholly-owned subsidiary, BD & P Hotels (India) Private Limited, received a tax demand notice for ₹4,54,35,230. The demand pertains to Assessment Year 2024-25 and was reported because it exceeded the company's materiality threshold of ₹4.49 crore. The company is currently reviewing the notice and evaluating potential remedial actions, including appeals. Advent Hotels has stated that the demand, while significant for the subsidiary, does not currently affect its broader operations or financial activities beyond the specified amount.
BD & P Hotels (India) Private Limited, incorporated in 1997, is involved in the hotel and restaurant business. For the financial year ending March 31, 2025, the subsidiary reported revenues of ₹118 crore. Searches for past tax disputes or significant regulatory actions against either Advent Hotels International or its subsidiary did not yield recent relevant results.
Advent Hotels International itself is building a portfolio of luxury hotels in prime Indian locations, having been demerged from DB Realty. The company is focused on developing high-end properties and has plans for expansion in major cities like Mumbai and Delhi.
In the competitive hospitality sector, Advent Hotels operates alongside established players such as Indian Hotels Company Limited (IHCL), EIH Limited (Oberoi Group), and ITC Hotels. For the third quarter of the fiscal year 2026, Advent Hotels reported a 36.7% EBITDA margin, positioning it competitively against peers like IHCL (35%) and EIH (32%) during recent periods.
Investors will be monitoring the company's strategy for addressing the tax demand and the outcome of any appeals. Any impact on the subsidiary's financial health, should the demand be upheld, will be a key point to track, alongside management's commentary on the issue in future investor communications.