Bengaluru, Nov. 10 -- Advent Hotels International Ltd, the hospitality arm carved out of Valor Estate Ltd (formerly DB Realty), will list as a separate entity on the stock exchanges on 13 November, as it seeks to build a portfolio of luxury and upscale hotels across major Indian cities through a partnership route, a top company executive said.

The move marks Valor's diversification beyond residential real estate into high-value hospitality, at a time when India's branded hotel supply is expanding rapidly and demand continues to outpace new capacity.

With Mumbai-based Valor already publicly listed, Advent will debut directly as an independently traded company following the demerger. Valor shareholders will get one share of Advent for 10 ...