The Pride Group of Hotels announced on Wednesday that its portfolio would grow to 50 hotels by 2022. Presently, the group has approximately 3200 keys spread across 34 locations. Pride Hotels plans to have 50 locations with over 5000 rooms once the future openings are complete. According to an official corporate release, the group also intended to add 72 and 35 rooms to its five-star facilities in Nagpur and Pune.
Announcing the development, S P Jain, managing director, Pride Hotels Limited, said, “We would be expanding our footprints to 50 hotels nationally by 2022. The focus will be on an asset-light model for our expansion with a major slice of the portfolio managed directly by us. Most of these upcoming properties will be located in popular tourism & pilgrimage circuits, primarily in tier 2 and tier 3 cities. Over the years, we have significantly adapted to a new hospitality normal while also pursuing our growth plans. Presently we are treading cautiously on capital expenditure. However, once the market reaches the pre-pandemic level, we will come back to expansion mode for our flagship properties”.
Dehradun, Amritsar, Dwarka, Apati, Chandigarh, Faridabad, Gurgaon, Ujjain, Ratlam, Vadodara, and other cities are part of the new portfolio. The Pride Wonderland Resort in Apati is a resort and amusement park located halfway between Vadodara and Kewadia.
Pride Hotel Group owns and manages the Pride Plaza, Pride Resort, Pride Hotel, and Pride Biznotel brands.
