Pride Hotels plans to expand to 50 properties by 2022, Real Estate News, ET RealEstate
The hotel chain, which currently has 34 properties with 3,200 keys, plans to add 16 properties and 1,800 keys to reach 50 hotels and 5,000 rooms by 2022, the company said in a statement.
“We would expand our footprint to 50 hotels nationwide by 2022. The focus will be on a light asset model for our expansion with a major slice of the portfolio managed directly by us. coming will be located in popular tourism and pilgrimage tours mainly in level II and III cities, ”said General Manager of Pride Hotels, SP Jain.
At present, the company is cautiously advancing on capital spending, however, once the market reaches pre-pandemic level, Pride Hotels will return to expansion mode for its flagship properties, he said. he adds.
The new portfolio includes resorts and hotels in Dehradun in Uttarakhand, Amritsar in Punjab, Dwarka in Gujarat, Apati in Maharashtra, Chandigarh, Faridabad and Gurgaon in Haryana, Ujjain and Ratlam in Madhya Pradesh, Vadodara in Gujarat, among others .
Pride Hotel Group operates under brands such as Pride Plaza, Pride Resort, Pride Hotel and Pride Biznotel.