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Pride Group of Hotels plans to double number of properties to 30 by ’22
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Monday, 22 July, 2019, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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The Pride Group of Hotels plans to double the number of properties to 30 by 2022, with over 3,000 luxury rooms to emerge as a leading national hotel chain in the country. Most of the new properties will be under management contracts.
This was stated by S P Jain, managing director, Pride Hotels Ltd. He added, “We are pleased to announce major expansion plans nationally primarily targeted towards Tier-II and Tier-III cities that translate into vast business potential.
“Pride Hotels presently own and operates 16 hotels nationally. We will soon be launching a new brand to cater exclusively to the growing demands of millennial customers, one of the biggest segments in the hospitality industry,” Jain said.
The hospitality group is presently scaling up its operations to focus more on the Pride Hotels and Pride Resorts brands that are moderately-priced, upscale, full-service, business and leisure hotels. The group is also coming up with the new brand exclusively focussed on millennial customers.
It is now planning to open a 300- room property in Goa, besides expanding its presence in Guwahati, Panipat, and Nashik later this year. It also plans to add 75 rooms and 50 rooms, respectively, at its five-star properties in Nagpur and Pune. The group is also in advanced talks with a hotel property in Mumbai to run under a management contract.
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