Pride Hotels IPO

Incorporated in 1983, Pride Hotels Ltd is an Indian hospitality brand that owns, develops, operates, and manages hotels under the "Pride Hotels and Resorts" brand name. The company operates through two models: Owned Hotels– 7 properties with 1,136 rooms Managed Hotels– 27 properties with 1,587 rooms Its portfolio covers 34 hotels and resorts with 2,723 rooms across 32 cities in India. Among family-promoted hotel groups, it is among the fourth largest domestic chain, and the sixth largest in India in terms of owned inventory in upscale, upper midscale, and midscale segments (as of June 30, 2025). The company operates under the four sub-brands: Pride Plaza – Upscale hotels in major cities like Delhi, Ahmedabad, Jaipur, Kolkata. Pride Premier – Upper midscale hotels in regional hubs like Nagpur, Pune, Indore, Udaipur, Mussoorie. Pride Elite – Midscale hotels for leisure travelers in scenic locations like Haridwar, Dwarka, Daman. Biznotel by Pride – Midscale hotels for business travelers in cities like Surat, Vadodara, Bharuch. The hotel caters to business, leisure, and pilgrim travel. Additionally, the company also earns revenue from F&B outlets, banquets, spas, fitness centers, retail (Pride Mart), and event services. It operates 50+ restaurants and bars, along with 90 banquet halls covering 350,000 sq. ft., supporting weddings, conferences, and social functions. Its customer base include major corporates (e.g., SpiceJet, Zydus, Power Grid, Adani, Air India) and top travel platforms (MakeMyTrip, Booking.com, Cleartrip). Competitive strengths Pan-India presence with strategically located and diversified portfolio of hotels and resorts Full-service customized properties Brand legacy and portfolio, with a focus on local Indian customs and traditions Asset light business model Focus on operational efficiencies and active asset management Promoters supported by an experienced management team

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