Pride Hotels expands its presence to 50 hotels by 2022
Pride Group of Hotels has announced that it will expand its portfolio to 50 hotels by 2022. The group is currently present in around 34 prime locations and has more than 3,200 keys. Once the new openings are complete, Pride hotels will have 50 properties and over 5,000 keys providing unique experiences to guests in various geographic regions. It also plans to add 72 rooms and 35 rooms to its five-star properties in Nagpur and Pune respectively.
SP Jain, Managing Director of Pride Hotels Limited, said: “We will expand our footprint to 50 hotels nationwide by 2022. The focus will be on a light asset model for our expansion with a major tranche. of the portfolio managed directly by us. . Most of these upcoming properties will be located in popular sightseeing and pilgrimage routes, primarily in Tier II and Tier III towns. Over the years, we have adapted considerably to a new hotel standard while pursuing our growth plans. Currently, we are moving cautiously on capital spending. However, once the market reaches pre-pandemic level, we will return to expansion mode for our flagship properties. “
The new portfolio includes resorts and hotels in the cities of Mussoorie, Daman, Dapoli, Dehradun, Amritsar, Dwarka, Aatapi, Chandigarh, Faridabad, Gurgaon, Ujjain, Ratlam, Vadodara, etc. The Pride Resort in Aatapi is an amusement park plus resort located between Vadodara and Kewadia (famous for the Statue of Unity, the tallest monument in the world).
Pride Hotels are among the few hotel chains in India that manage their own property apart from entering into management contracts with third parties. He took a very innovative business module of acquiring ready-to-use, high-end, full-service business and leisure hotels and quickly turning their fortunes around. This bodes well for Pride Hotels due to its proven track record of operating high end hotels across India which in turn helps ensure the utmost professionalism in the properties they manage.
Pride Hotel Group operates under the brands ‘Pride Plaza’, ‘Pride Resort’, ‘Pride Hotel’ and ‘Pride Biznotel’ with a presence in 34 large locations, 3200 rooms, 70 restaurants, 92 banquets, conference rooms, thus strengthening as a single destination for MICE. The company owns 7 luxury properties in the cities of New Delhi, Bangalore, Kolkata, Chennai, Ahmedabad, Pune and Nagpur.