Pride Hotels eyes 30 properties by 2015 in India
Takes up the management of Park Premier Gurgaon
Monday, August 09, 2010, 19:00 Hrs [IST]
By P Krishna Kumar | Gurgaon
Pride Hotels promoted by SP Group plans to expand in India and is eyeing a total of 30 properties by 2015. The Group currently operates 10 hotels under three different branding – The Pride Hotel (five-star luxury brand); Pride Biznotel (Business hotels); and Pride Resorts. According to S P Jain, Managing Director, The Pride Hotels, the Group will be adding 20 more properties through both owned and operated and management model by 2015. Out of this, five will be the Group’s own properties.
Jain also informed that the Group will become a 3,000-room hotel group by 2015. While half of these rooms are expected to be from own hotels, managed hotels will make up the remaining half.
Sharing the expansion plans of the Group, Satyen Jain, CEO, Pride Hotels said that the Group would be investing around Rs 1,000 crore for setting up five five-star hotels across the country. These, he said, will come up in Mumbai, Goa, Kolkata, Alibaugh (Maharashtra), etc. He said that company is serious about opening a property in Eastern India as the brand has no presence there. The Group will be adding a resort hotel in Munnar (Kerala) to its umbrella by the end of this year, he said.
Besides, the Group has forayed into the hospitality sector of National Capital Region (NCR) of Delhi by signing management contract with Punihani International for their existing business hotel Park Premier at Gurgaon. With this new addition, Pride Hotels has 10 hotels across the country.
The 94-room business hotel located at the Millennium City Centre close to the main corporate hub of Gurgaon is well-equipped to cater to the corporate clients. The hotel has three variants of luxury accommodation – Deluxe Room, Premier Rooms and Executive Rooms – with each room equipped with plasma TV, mini-bar, tea and coffee maker, direct dial phones, Wi-Fi connectivity and electronic safe. In the F&B segment, Pride Park Premier boasts a 24-hour Coffee Shop – Downtown Café, a speciality restaurant – 29th The Grill and a Bar Lounge. The hotel also has a banquet hall Onyx, which can accommodate 300 pax and a meeting room Ornate, which can accommodate 40 pax. Besides, there is a spa, wellness centre and a health club in the hotel.
Commenting on the tie up with Pride Hotels, Kulbir Singh Punihani, Managing Director, Park Premier said that lack of experience in running the hotel was impacting the overall marketing and sales of the property, since it was launched and that made the promoters for management tie up.