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.
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