Pride Group to invest Rs 1,000 crore to add 13 hotels by 2020
Pride Group of Hotels plans to invest Rs 1,000 crore to add 13 hotels in its network by 2020 as part of expansion plans across the country.
“We have planned to invest approximately Rs 1,000 crore to add 13 hotels with around 1,400 rooms taking the total to 25 hotels by the end of 2020,” Pride Group of Hotels Managing Director S P Jain told PTI.
The upcoming hotels will be under both — ownership and on management models, he added.
The hospitality chain launched a 385 room property under upscale ‘Pride Plaza Hotel’ brand recently at the Aerocity here.
“We have 12 hotels operational as of now ,including the one launched at Aerocity, totaling 1,600 rooms,” Jain said.
Saudi Arabia is all set to built the world’s biggest hotel by 2017. Abraj Kudai hotel is planned to be located at the Manafia area in Makkah’s central zone, only 2.2 km south of the Holy Haram in Makkah, Kingdom of Saudi Arabia