Sharan Pasricha | |
|---|---|
 | |
| Born | 19 October 1980 |
| Alma mater | London Business School Regent's College Doon School |
| Occupation(s) | Founder & CEO, Ennismore |
| Website | ennismore |
Sharan Pasricha MBE is an Indian-born entrepreneur based in London, England. He founded the hospitality and operating company Ennismore, and acquired The Hoxton and Gleneagles. [1] He is also the founder of Maison Estelle and Estelle Manor. [2]
Pasricha was educated at the Doon School in India and Millfield School in Somerset. [3] He then completed an Accounting & Finance degree from Regent's College and subsequently an MBA from London Business School where he was awarded the Alumni GOLD (Graduate of the Last Decade) by the Dean in 2018. [4] [3]
While at Regent's College, Pasricha founded RUSH! Media, a marketing agency based in London. [5] He spent three years running the business after leaving university in London before returning to India to run his uncle's leather manufacturing business. He spent 3 years as a turnaround CEO in New Delhi and says he turned the business around. [6] In 2009, he returned to England and undertook an MBA at London Business School, while working at a private equity investment firm, Better Capital. [4]
Upon completing his MBA in 2011, Pasricha founded Ennismore and tried to acquire Soho House with the help of its founder Nick Jones. [7] [8] A year later, Ennismore acquired the Hoxton Hotel in Shoreditch. [1] In November 2012, Ennismore acquired an office building in Holborn which would later become The Hoxton, Holborn. The following year Pasricha launched The Hoxton, Amsterdam. [9] In 2017, The Hoxton, Paris opened following a 4-year restoration of an 18th-century hôtel particulier, designated a 'monument historique' by the French state. [10] It opened its first US location with The Hoxton, Williamsburg, in 2018, followed shortly by Portland, Chicago and Downtown LA. In Europe, London's third Hoxton opened in Southwark in the same year, with Rome, Barcelona and Shepherd's Bush opening in 2021. [11] In 2023, the Hoxton opened in Brussels, Berlin and a second outpost in Amsterdam. The Hoxton is due to open in Vienna, Edinburgh and Dublin [12]
In 2015, Pasricha acquired the Gleneagles Hotel in Perthshire which was owned by drinks company Diageo. [13] Since 2016, the hotel has undergone over 12 major renovation projects including The Century Bar; The American Bar; The Birnam Brasserie; Dormy Restaurant and Auchterarder 70; Ochil House; Bob & Cloche; and Little Glen & The Den. [14] The refurbishment programme has been attributed to a jump in revenues and operating profits to more than £1 million per week during 2018. [15] Gleneagles has won a number of awards. [16] [17] Pasricha has also founded several new brands, including a coworking brand Working From_, a community workspace in 2019, as well as Maison Estelle, the private members club in Mayfair, London and the country club and hotel Estelle Manor. [18]
Pasricha occasionally speaks at entrepreneurial and hospitality industry conferences. [19] [20] [21] [22] [23] [24] In 2018, he appeared in The Caterer Top 100, placing #68 overall and #14 among hoteliers. [25] He also featured in Conde Nast Traveller's '48 People Changing The Way We Travel'. [26] In 2019, he was named as one of the 50 Most Influential People in British Luxury. [27]
In 2020 it was announced that Pasricha's Hoxton hotel chain would merge with Europe’s largest hotel company Accor. [28] The merger was completed in October 2021. The new entity operates under the Ennismore name and is two-thirds owned by Accor and a third by Pasricha. In 2022, Ennismore was valued at more than €2 billion when Accor sold over 10% of its stake in Ennismore to a Qatari consortium. [29] Pasricha excluded Ennismore’s hotel assets from the joint venture. He became co-CEO of the company, alongside the chief development officer at Accor, Gaurav Bhushan. [30] [31]
Pasricha was appointed Member of the Order of the British Empire (MBE) in the 2022 Birthday Honours for services to the hotel industry. [32]
Pasricha married to Eiesha Bharti Pasricha in 2009. They have two children. [4] Sharan's father-in-law is Sunil Mittal, the founder and CEO of Bharti Airtel and brother-in-law is Kavin Bharti Mittal, the founder and CEO of hike Messenger. [33]
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