# Pride Hotels accelerates expansion plans The company aims for a Rs 1,000 crore IPO by December. - **Source:** [Economic Times](https://brifing.si/source/37791137-c35a-4ffe-b6a9-fe103afc9e48) - **Published:** 2026-08-23 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/5d9548de-bec8-4e6b-b15d-7abe3947fd7f ## Expansion strategy Pride Hotels has expanded its portfolio to 40 properties, including eight owned hotels and 32 managed properties. The company has also signed contracts for another 32 hotels, expected to open within the next one and a half to two years. This expansion will bring the portfolio to approximately 72 properties. ## IPO plans Pride Hotels plans to launch an Initial Public Offering (IPO) worth Rs 1,000 crore (10 billion INR) by December 2026. This IPO is seen as a critical step to finance the company's expansion plans and bring new hotel projects to life. ## Portfolio diversity The company's portfolio includes both owned and managed properties. This strategy reduces capital intensity while providing operational flexibility. The newly signed contracts are expected to further diversify the portfolio. ## Market position Pride Hotels positions itself as one of India's leading hotel chains. The company's expansion plans aim to capitalize on the growth potential in India's tourism and hospitality sector. This move could intensify competition in the industry. ## Financial goals The funds raised through the IPO will be used for new hotel projects as well as the modernization of existing properties. The company aims to increase revenues and improve operational efficiency through these investments. ## Timing and expectations The IPO is planned for December 2026, aligning with the company's expansion timeline. Investors anticipate a significant increase in the company's value if the IPO is successful. ## Sectoral impact Pride Hotels' expansion plans could have a significant impact on India's tourism and hospitality sector. The opening of new hotels may boost employment and contribute to regional economies. ## Long-term vision Through the IPO and expansion plans, the company aims to become one of India's leading hotel chains in the long term. This strategy could strengthen both the company's growth and its leadership position in the industry. ## Sources covering this story - https://economictimes.indiatimes.com/markets/ipos/fpos/pride-hotels-steps-up-expansion-plans-rs-1000-cr-ipo-by-december/articleshow/133435802.cms — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._