Pearl Continental Hotels and Resorts Pakistan
FormerlyInterContinental Hotels
TypePublic
PSX: PSEL
FounderSadruddin Hashwani
Headquarters
Islamabad
,
Pakistan
Number of locations
Karachi, Lahore, Faisalabad, Rawalpindi, Peshawar, Gwadar, Bhurban, Muzaffarabad and upcoming properties in Mirpur and Multan
Area served
Pakistan
Key people
RevenueIncrease Rs. 13.26 billion (US$46 million)[1] (2023)
Decrease Rs. 67.77 million (US$230,000)[1] (2023)
Decrease Rs. -218.27 million (US$−760,000)[1] (2023)
Total assetsDecrease Rs. 64.74 billion (US$220 million)[1] (2023)
Total equityDecrease Rs. 44.93 billion (US$160 million)[1] (2023)
Number of employees
1,660[1] (2023)
ParentHashoo Group
Websitewww.pchotels.com

Pakistan Services Limited, doing business as Pearl-Continental Hotels & Resorts (also abbreviated to PC Hotels), is the largest chain of five-star hotels in Pakistan with properties in Karachi, Lahore, Rawalpindi, Peshawar, Gwadar, Bhurban, Muzaffarabad. and Malam Jabba, and under construction in Multan, Attabad Lake, Mirpur, Hayatabad, and Hyderabad. [2] Pearl-Continental Hotels is a subsidiary of Hashoo Group who also operate Marriott Hotels in Islamabad and Karachi through a franchise system.[3] Hashoo group has recently launched a new chain of four-star hotels by the name of PC LEGACY. PC LEGACY Naran is functional and operating in Naran and another is being constructed in Nasirabad, Hunza.[4]

The Pearl-Continental Hotel in Karachi was inaugurated by President Muhammad Ayub Khan on 10 May 1964 and was the first five-star hotel in Pakistan which hosted various prominent figures from across the globe including Queen Elizabeth II, Nelson Mandela, and King Hussain of Jordan, among others. Cabin crew from Lufthansa, SAS, and Swissair would stay there during their transits. It was a member of the Leading Hotels of the World for over a decade.[5][6] A New Hotel was built for Lahore and Rawalpindi in 1967[7][8] with another branch opening in Peshawar in 1975.[9]

Karachi Incident

On Thursday night 26 May, 2022 the roof of the 5-star property collapsed at Karachi's Pearl-Continental Hotel.[10] According to the reports one person was killed and three others injured after the ceiling of the five-star hotel caved in on top of them. The incident occurred inside the Marco Polo Hall at the hotel where an event was under way.[11]

References

  1. 1 2 3 4 5 6 "PSL Annual Report 2023" (PDF). psl.com.pk. Retrieved 30 November 2023.
  2. ↑ "Hotels And Resorts". www.pchotels.com. Retrieved 2016-06-18.
  3. ↑ "Hospitality & tourism: Hashoo Group seeks to expand budget hotel chain - The Express Tribune". The Express Tribune. 2012-08-05. Retrieved 2017-02-27.
  4. ↑ "Hashoo Group To Launch PC LEGACY Hotel In Hunza". The Nation. 26 Feb 2021. Retrieved 14 July 2022.
  5. ↑ "Pearl Continental Hotel Karachi". www.pchotels.com. Retrieved 2016-06-18.
  6. ↑ "Luxury hotels plan expansion in Pakistan". www.thenews.com.pk. Retrieved 2016-06-18.
  7. ↑ Web Archive taken from original
  8. ↑ Original taken from Archive
  9. ↑ Archive from Original
  10. ↑ "PEARL CONTINENTAL HOTEL ROOF COLLAPSES". ARY NEWS. Retrieved June 18, 2022.
  11. ↑ "Death toll in Karachi's Pearl-Continental Hotel roof collapse rises to two". Dawn News. Retrieved June 18, 2022.


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