Pearl-Continental Hotels & Resorts

Last updated
Pearl Continental Hotels and Resorts Pakistan
Formerly InterContinental Hotels
Company typePublic
PSX:  PSEL
Founder Sadruddin 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
RevenueIncrease2.svgRs. 13.26 billion (US$46 million) [1]  (2023)
Decrease2.svgRs. 67.77 million (US$230,000) [1]  (2023)
Decrease2.svgRs. -218.27 million (US$−760,000) [1]  (2023)
Total assets Decrease2.svgRs. 64.74 billion (US$220 million) [1]  (2023)
Total equity Decrease2.svgRs. 44.93 billion (US$160 million) [1]  (2023)
Number of employees
1,660 [1]  (2023)
Parent Hashoo Group
Website psl.com.pk
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, Sukkur, 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]

Contents

History

Pakistan Services Limited was founded as a state-owned company in 1958. Later, it came under the ownership of Haroon family. [4]

The first 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]

In 2021, Hashoo group also launched a chain of four-star hotels under the brand name PC Legacy. [10] The PC Legacy Naran is functional and operating in Naran and another opened in Nasirabad, Hunza in 2023. [11] [ relevant? – discuss ]

Incidents

In 1971, when the Pearl-Continental construction was initiated in Peshawar, workers digging underground to form its foundation discovered old human, elephant and horse bones. Archaeologists discovered that the Hotel was the site of a fierce battle between the armies of Mahmud of Ghazni and Jayapala in the Battle of Peshawar in the year 1001. [12]

On 11 May 2019, at least eight people including four hotel employees, one soldier and three terrorists were killed in a terror attack targeting the Pearl Continental in Gwadar, Balochistan, Pakistan. [13] [14] [15] [16] [17]

On Thursday night 26 May 2022, the roof of the 5-star property collapsed at Karachi's Pearl-Continental Hotel. [18] 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. [19]

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This is a list of terrorist incidents in Pakistan in 2014.

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Terrorist incidents in Pakistan in 2017 include, in chronological order:

Operation Radd-ul-Fasaad is a codename of a combined military operation by the Pakistani military in support of local law enforcement agencies to disarm and eliminate the terrorist sleeper cells across all states of Pakistan, started on 22 February 2017. The operation is aimed to eliminate the threat of terrorism, and consolidating the gains of Operation Zarb-e-Azb which was launched in 2014 as a joint military offensive. It is further aimed at ensuring the security of Pakistan's borders. The operation is ongoing active participation from Pakistan Army, Pakistan Air Force, Pakistan Navy, Pakistan Police and other Warfare and Civil Armed Forces managed under the Government of Pakistan. More than 375,000 operations have been carried out against terrorists so far. This operation has been mostly acknowledged after Operation Zarb e Azb.

Several violent incidents happened before and on the day of the 2018 Pakistani general election, held on 25 July 2018.

Terrorist incidents in Pakistan in 2019 include:

The 2019 Quetta bombing was a suicide bomb attack on an open marketplace in Quetta, Pakistan on 12 April, killing 21 people. The bombing took place near an area where many minority Shiite Muslims live. At least ten Hazara, including nine Shiites, were among the dead. Two paramilitary soldiers were also killed in the bombing. PM Imran Khan expressed condolences for the lives lost, directed the authorities to ensure the best medical treatment for the injured, and ordered an increase in security for Shiites and Hazara people. Lashkar-e-Jhangvi and ISIL later accepted responsibility for the attack, stating that "their target were Hazara people."

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. ↑ Levin, Sergey (1974). "The Upper Bourgeoisie from the Muslim Commercial Community of Memons in Pakistan, 1947 to 1971". Asian Survey. 14 (3): 231–243. doi:10.2307/2643012. JSTOR   2643012.
  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. ↑ "Hashoo Group To Launch PC LEGACY Hotel In Hunza". The Nation. 26 Feb 2021. Retrieved 14 July 2022.
  11. ↑ "CEO of Hashoo Group unveils PC Legacy Nasirabad Hunza". The Nation. 31 May 2023. Retrieved 29 March 2024.
  12. ↑ Dawn (2017) Pakistan: The lesser-known histories of an ancient land by Nadeem F. Paracha
  13. ↑ "Armed militants storm luxury hotel in Pakistan attack". The Guardian. 11 May 2019.
  14. ↑ "5 people killed in Gwadar PC hotel attack; army concludes clearance operation". Dawn. May 12, 2019.
  15. ↑ "Pakistan attack: Gunmen storm five-star hotel in Balochistan". BBC. 12 May 2019.
  16. ↑ "Pakistan military says five killed in hotel attack in Gwadar". Al Jazeera. 12 May 2019.
  17. ↑ "Gwadar PC operation. Security Forces have completed clearance operation at PC Gwadar". www.ispr.gov.pk. Retrieved 2019-05-26.
  18. ↑ "PEARL CONTINENTAL HOTEL ROOF COLLAPSES". ARY NEWS. Retrieved June 18, 2022.
  19. ↑ "Death toll in Karachi's Pearl-Continental Hotel roof collapse rises to two". Dawn News. Retrieved June 18, 2022.


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