Pearl-Continental Hotels & Resorts

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]

Pearl Continental Hotels and Resorts Pakistan

Pearl-Continental Hotel in Karachi
Formerly	InterContinental Hotels
Company type	Public
Traded as	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	Sadruddin Hashwani (Chairman) Murtaza Hashwani (CEO)
Revenue	Rs. 13.26 billion (US$46 million)^[1] (2023)
Operating income	Rs. 67.77 million (US$230,000)^[1] (2023)
Net income	Rs. -218.27 million (US$−760,000)^[1] (2023)
Total assets	Rs. 64.74 billion (US$220 million)^[1] (2023)
Total equity	Rs. 44.93 billion (US$160 million)^[1] (2023)
Number of employees	1,660^[1] (2023)
Parent	Hashoo Group
Website	www.pchotels.com

In 2021, Hashoo group also launched a chain of four-star hotels under the brand name PC Legacy.^[4] The PC Legacy Naran is functional and operating in Naran and another opened in Nasirabad, Hunza in 2023.^{[5][relevant? ]}

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.^[6][7] A new hotel was built for Lahore and Rawalpindi in 1967^[8][9] with another branch opening in Peshawar in 1975.^[10]

Incidents

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.^{[11][12][13][14][15]}

On Thursday night 26 May 2022, the roof of the 5-star property collapsed at Karachi's Pearl-Continental Hotel.^[16] 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.^[17]

Uncovered Peshawar Construction

When the Pearl-Continental construction was initiated in 1971, 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.^[18]

Gallery

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  PC resort in Bhurban
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  Karachi PC

References

1. "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. "CEO of Hashoo Group unveils PC Legacy Nasirabad Hunza". The Nation. 31 May 2023. Retrieved 29 March 2024.
6. "Pearl Continental Hotel Karachi". www.pchotels.com. Retrieved 2016-06-18.
7. "Luxury hotels plan expansion in Pakistan". www.thenews.com.pk. Retrieved 2016-06-18.
8. taken from original
9. Original taken from
10. from Original
11. "Armed militants storm luxury hotel in Pakistan attack". The Guardian. 11 May 2019.
12. "5 people killed in Gwadar PC hotel attack; army concludes clearance operation". Dawn. May 12, 2019.
13. "Pakistan attack: Gunmen storm five-star hotel in Balochistan". BBC. 12 May 2019.
14. "Pakistan military says five killed in hotel attack in Gwadar". Al Jazeera. 12 May 2019.
15. "Gwadar PC operation. Security Forces have completed clearance operation at PC Gwadar". www.ispr.gov.pk. Retrieved 2019-05-26.
16. "PEARL CONTINENTAL HOTEL ROOF COLLAPSES". ARY NEWS. Retrieved June 18, 2022.
17. "Death toll in Karachi's Pearl-Continental Hotel roof collapse rises to two". Dawn News. Retrieved June 18, 2022.
18. Dawn (2017) Pakistan: The lesser-known histories of an ancient land by Nadeem F. Paracha