Pride Hotels has announced the signing of Pride Plaza Indore under a long-term lease agreement, marking a significant milestone in the group’s expansion strategy and introducing the fifth hotel under its flagship Pride Plaza brand.
The signing strengthens Pride Hotels’ presence in Madhya Pradesh and makes Pride Plaza Indore the group’s second property in the city after Pride Premier Indore.
This deal reflects Pride’s growth trajectory, aligning with latest hotel signings.Strengthening Presence in Central India
Located in Rau on AB Bypass Road, the upcoming hotel offers convenient access to the Pithampur industrial corridor and the Ujjain spiritual circuit, positioning it to cater to both business and leisure travellers.
The signing further strengthens Pride Hotels’ footprint in Madhya Pradesh, where the group already operates properties in Bhopal, Jabalpur, and Indore.
141-Key Pride Plaza Indore
Pride Plaza Indore will feature 141 rooms, along with banquet halls and hospitality facilities designed to cater to corporate events, conferences, weddings, and social gatherings.
The hotel is expected to enhance the city’s hospitality infrastructure while supporting the growing demand for premium accommodation and MICE facilities.
Leadership Perspective
Commenting on the signing, Sureshchand Premchand Jain, Managing Director, Pride Hotels Limited, said:
“Being from Madhya Pradesh, I have always wanted to establish a hotel in Central India under our owned portfolio. After building a presence through our owned hotels in metro cities and business hubs such as Delhi, Kolkata, Ahmedabad, Pune, Nagpur, Chennai, and Bengaluru, I am proud to bring our flagship Pride Plaza brand to Indore. While we have successfully operated several hotels under the asset-light model, this long-term lease reflects our deeper commitment to the city and the region.”
Satyen Suresh Jain, Whole-Time Director and Chief Executive Officer, Pride Hotels Limited, added:
“We believe in Indore’s growth story, and this signing reflects our long-term commitment to the city. After Pride Premier Indore, we are proud to introduce our second hotel in Indore with Pride Plaza Indore. This is not merely an expansion; it is a flagship statement that reflects our confidence in Indore as a key business, cultural, and hospitality destination.”
Focus on MICE and Premium Hospitality
Atul Upadhyay, Whole-Time Director, Pride Hotels Limited, said:
“Pride Plaza Indore is envisioned as an addition to the city’s hospitality landscape. It is the arrival of a premium address that brings together luxury, culture, commerce, and Pride’s signature Indian hospitality. With superior MICE facilities, distinctive dining experiences, and the strength of a trusted national hospitality brand, Pride Plaza Indore is set to address Indore’s growing demand for refined accommodation, premium events, and elevated hospitality.”
Partnership with Black Rock Hotels
The property has been leased from Sanjeev Mishra of Black Rock Hotels, who expressed confidence in the collaboration.
“We are pleased to partner with Pride Hotels Limited for this landmark property in Indore. The partnership is poised to deliver a premium experience for business and leisure travellers in the region and underscores the group’s ongoing commitment to strengthening its presence across India,” he said.
