Advani Hotels & Resorts Valuation Reports Conclude on Asset Value and 'Caravela' Brand Worth

Advani Hotels & Resorts Valuation Reports Conclude on Asset Value and 'Caravela' Brand Worth​

Advani Hotels & Resorts (India) Limited has received valuation reports concerning its operating business undertaking, the Caravela Beach Resort Goa ("Asset"), and the "Caravela" brand. The valuations, conducted by multiple registered valuers, covered both as-is-where-is scenarios and projected values incorporating new infrastructure.

The board considered two separate valuation reports from Whitestone Valuers and Consultants Private Limited and ANVI Technical Advisors India Private Limited concerning the Asset. These reports were focused on determining the fair value of the resort as of March 31, 2026.

Asset Valuation Summary​

The valuations for the operating business undertaking covered two scenarios: the resort in its current state ("as-is-where-is") and a scenario where the new Banquet space under construction is completed and operational.

For Scenario 1 (as-is-where-is), Whitestone Valuers assessed the Asset at INR 828.50 crores, noting this was the lower valuation compared to ANVI’s report. Meanwhile, ANVI estimated the fair value for Scenario 1 at INR 838.90 crores.

Scenario 2 involves the addition of a new Banquet space, which is expected to boost revenue from large weddings and MICE movements. Whitestone valued the Asset in this improved state at INR 982.00 crores, with ANVI valuing it at INR 1,004.00 crores.

The key outcomes for the Asset valuation are presented below:

Brand Valuation​

Separately, the valuation of the 'Caravela' brand was completed by ANVI Technical Advisors India Private Limited. The purpose of this exercise was to estimate the fair value for internal management evaluation.

The valuation adopted the Relief from Royalty Method (RRM) under the Income Approach. This methodology is based on determining the present value of future post-tax royalty savings attributable to the Brand's ownership, which was projected over a ten-year period, forecasting total revenue realized from the Asset at INR 1,357 crores.

Based on the procedures performed and assumptions adopted, the fair value of the 'Caravela' brand was determined by ANVI Technical Advisors India Private Limited to be INR 81.88 crores.

ADVANIHOTR Stock Price Movement​

Today, Advani Hotels & Resorts closed higher, gaining 3.76% on the close to settle at ₹52.19. The equity traded within an intraday range of ₹50.51 to ₹52.44, with 20,531 shares recorded in the trading session.