{
  "id": 14380092,
  "title": "Advent Hotels Acquires 25% Stake In BD&P Hotels For ₹40 Crore, To Become Wholly Owned Subsidiary",
  "url": "https://urgent.news/2026/10/14/advent-hotels-acquires-25-stake-in-bd-p-hotels-for-40-crore-to-become",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-14T05:35:36.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/advent-hotels-acquires-25-stake-in-bdp-hotels-for-40-crore-to-become-wholly-owned-subsidiary"
  },
  "original_language": "en",
  "account": "On October 13, 2026, Advent Hotels International Ltd announced that its board had approved the purchase of the remaining 25% equity stake in BD&P Hotels (India) Private Limited for ₹40 crore. Following the acquisition, BD&P Hotels will transition from a 75% subsidiary to a wholly owned subsidiary of Advent Hotels. The funds for the deal will be transferred via banking channels.\n\nAdvent Hotels cited its expansion in the hospitality sector and desire to gain full control over BD&P Hotels as the rationale behind the acquisition. By owning the company outright, the firm aims to enhance its strategic and operational control over the hospitality business.\n\nBD&P Hotels was founded on April 25, 1997, and operates the Hilton Mumbai International Airport hotel. The property features 171 rooms, banquet facilities, conference rooms, and retail outlets, spread across approximately 1.26 acres at Andheri (East), Mumbai. In the financial year ending March 31, 2026, BD&P Hotels generated a turnover of ₹102.36 crore, up from ₹98.52 crore in FY 2024-25 and ₹79.57 crore in FY 2023-24.\n\nThe acquisition process is anticipated to conclude on or before June 30, 2027, providing there isn't a mutually agreed extension of the timeline by both parties. This story is based on company exchange filings and intended for informational purposes only. Investors should conduct due diligence and weigh the risks before making any investment decisions.",
  "summary": "Mumbai: Advent Hotels International Ltd on October 13, 2026, announced that its Board of Directors has approved the execution of a Share Purchase Agreement for the acquisition of the remaining 25% equity shareholding in BD&P Hotels (India) Private Limited for ₹40 crore. Transaction Details Upon completion of this acquisition, BD&P Hotels, currently a 75% subsidiary, will become a wholly owned…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}