Pride Hotels plans ₹1,000-crore IPO by December amid expansion

Pride Hotels is pursuing an initial public offering (IPO) valued at ₹1,000 crore by December as part of its aggressive expansion strategy. The company currently operates 40 properties comprising eight owned hotels and 32 managed properties across its portfolio.

The hotel chain has already signed contracts for 32 additional hotels expected to open over the next 18-24 months, which would bring its total portfolio to approximately 72 properties. The expansion underscores Pride Hotels' strategy to strengthen its market position in India's hospitality sector.