The Pride Group, which has interests in real estate and finance, presently has 500-odd rooms under its umbrella. The group's long-term strategy is to take the total number of room to 1,150 in key cities by the end of 2010-2011.
The Pride group already runs five-star properties in Pune, Ahmedabad, Chennai and Nagpur.
Pride's fifth property is under construction in Bangaluru.
Pride Group is also planning to set up properties in Goa, Hyderabad and Mumbai.
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The Pride Group has received a significant equity investment from Kotak India Real Estate Fund, towards part financing a Rs 350 crore expansion-cum-renovation plan.
Speaking of the ambitious expansion plans, Mr. S P Jain, Chairman, The Pride Group said: “With this key investment from the Kotak Realty Fund, we are now close to finalizing the sources of funds for our expansion plans."
:Pride group to have footprints in the east: Joy Roy Choudhury: Express Hospitality.
:Pride Living Room on Flickr: Pics_Marc's photos.
Indian hospitality industry hotels five star hotels in India Pride Group of Hotels West Bengal hotels in Kolkata, India hotels in Pune, India hotels in Ahmedabad, India hotels in Chennai, India hotels in Nagpur, India hotels in Bangaluru / Bangalore hotels in Mumbai, India hotels in Goa, India hotels in Hyderabad, India real estate finance hotel room Google maps business hotel equity investment Kotak India Real Estate Fund S P Jain, Chairman, The Pride Group
Tuesday, November 27, 2007
Pride Group of Hotels approaches the West Bengal government for two acres of land in and around Kolkata to set up a 250-room five-star busines hotel
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