Pride Hotels to set up budget hotels in Hyderabad and Kochi

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Category: Industry Overview

Pride Hotels, a SP group company is planning to invest Rs.1400 million to set up budget hotels in Hyderabad and Kochi. The new hotel will up under the brand “Pride Biznotel”. It plans to acquire 1 acre of land in the city for which legal diligence process is on. It plans to start construction soon and to complete by 2011. Each hotel will have 100 rooms. Currently, the group operates 5 hotels in Ahmedabad, Pune, Bangalore, Chennai and Nagpur with an inventory of 1000 rooms.

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