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Sharan Pasricha

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Sharan Pasricha
MBE
Born (1980-10-19) 19 October 1980 (age 44)
Alma materLondon Business School
Regent's College
Doon School
Occupation(s)Founder & CEO, Ennismore
Websiteennismore.com

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 the founder of Maison Estelle and Estelle Manor.[2]

Pasricha is also known for creating the fastest-growing hospitality company, bringing together brands including Mondrian, Mama Shelter, Delano and SLS through a joint venture with Accor, which holds a majority shareholding.[3]

Biography

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Pasricha was educated at the Doon School in India and Millfield School in Somerset.[4] He completed an Accounting & Finance degree from Regent's College and an MBA from London Business School where he was awarded the Alumni GOLD (Graduate of the Last Decade) by the Dean in 2018.[5][4]

While at Regent's College, Pasricha founded RUSH! Media, a marketing agency based in London.[6] 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 three years as a turnaround CEO in New Delhi.[7] In 2009, he returned to England to do his MBA, while working at a private equity investment firm, Better Capital.[5]

Upon completing his MBA in 2011, Pasricha founded Ennismore and tried to acquire Soho House with the help of its founder Nick Jones.[8][9] 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.[10] 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.[11] 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.[12] 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[13]

In 2015, Pasricha led the acquisition of the Gleneagles Hotel in Perthshire which was owned by drinks company Diageo.[14] 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.[15] The refurbishment programme has been attributed to a jump in revenues and operating profits to more than £1 million per week during 2018.[16] Gleneagles has won a number of awards.[17][18] Pasricha has expanded the brand with the opening of Gleneagles Townhouse. It is the brand’s first opening in nearly 100 years and launched in Edinburgh, comprising a hotel, restaurants, bars and member’s club.[19] It was named “Best Hotel” by the GQ Food & Drinks Awards 2023.[20]

Pasricha has 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.[21]

Pasricha occasionally speaks at entrepreneurial and hospitality industry conferences.[22][23][24][25][26][27]

In 2020 it was announced that Pasricha created a joint venture with Europe’s largest hotel company Accor.[28] The merger 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] He became co-CEO of the company, alongside the chief development officer at Accor, Gaurav Bhushan.[30][31]

Awards and honours

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Pasricha was appointed Member of the Order of the British Empire (MBE) in the 2022 Birthday Honours for services to the hotel industry.[32]

In 2018, he appeared in The Caterer Top 100, placing #68 overall and #14 among hoteliers.[33] He also featured in Conde Nast Traveller's '48 People Changing The Way We Travel'.[34] In 2019, he was named as one of the 50 Most Influential People in British Luxury.[35] Pasricha featured in Tatler’s Social Power Index 2024.[36] He won the Cateys 2024 International Outstanding Achievement Award.[37] Under Pasricha's leadership, Ennismore was included the Financial Times’ FT1000: Europe's fastest growing companies.[38]  

Personal life

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Pasricha married to Eiesha Bharti Pasricha in 2009. They have two children.[5] 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.[39]

References

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  1. ^ a b Turner, Sarah. "An Interview With Sharan Pasricha Of Hoxton Hotels And Gleneagles". Forbes. Retrieved 25 November 2019.
  2. ^ "Peek inside Oxfordshire's most exclusive members-only private club". Oxford Mail. 2 October 2023. Retrieved 3 April 2024.
  3. ^ Shollenbarger, Maria (26 April 2023). "Sharan Pasricha – hospitality's unstoppable operator". Financial Times. Retrieved 23 August 2024.
  4. ^ a b Walsh, Dominic (12 January 2019). "'Gleneagles is a sleeping giant. We'll make it the best hotel in the world'". The Times. ISSN 0140-0460. Retrieved 25 November 2019.
  5. ^ a b c "'Work is all I have ever done,' says Hoxton Holborn hotelier". The Standard. 18 January 2016.
  6. ^ "27th European Hotel Investment Conference". Deloitte.
  7. ^ Bearne, Suzanne (29 April 2019). "I used to sell my packed lunch to my schoolmates". Retrieved 25 November 2019.
  8. ^ Walsh, Dominic. "Business big shot: Sharan Pasricha". The Sunday Times.
  9. ^ Reoch, Paul. "Luxury makeover for Perthshire B&B". The Courier.co.uk. Retrieved 13 December 2019.
  10. ^ Walsh, Dominic. "Rembrandt adds colour to Hoxton hotel owner". The Times.
  11. ^ "Is this the coolest hotel in Paris? Inside the new Hoxton". The Telegraph. Archived from the original on 26 August 2017.
  12. ^ "About The Hoxton - Our Story". thehoxton.com. Retrieved 25 November 2019.
  13. ^ "The Hoxton to add five hotels in Europe". Business Traveller. Retrieved 15 December 2021.
  14. ^ "New Gleneagles Hotel owner Sharan Pasricha pledges to keep existing management". Press And Journal.
  15. ^ "Ennismore | Developer of unique hospitality properties and experiences around the world". Ennismore. Retrieved 25 November 2019.
  16. ^ "Gleneagles Hotel rakes in £1m a week as sales jump". www.scotsman.com. Retrieved 25 November 2019.
  17. ^ Welsh, Susan. "Glorious Gleneagles: A taste of luxury at Scotland's most famous hotel". Press and Journal. Retrieved 6 December 2019.
  18. ^ Duncanson, Hilary (3 January 2018). "Hotel and museum win travel awards". The Times. ISSN 0140-0460. Retrieved 6 December 2019.
  19. ^ d’Arcy, Susan (6 June 2024). "Gleneagles Townhouse, Edinburgh, hotel review: 'The vibe is corset-loosening and unpretentious'". www.thetimes.com. Retrieved 6 June 2024.
  20. ^ Christensen, Paul Henderson,Mike (5 April 2023). "The GQ Food and Drink Awards 2023: presenting all the winners". British GQ. Retrieved 6 June 2024.{{cite web}}: CS1 maint: multiple names: authors list (link)
  21. ^ Parker, Jennifer Leigh. "Inside The Mind Of Hospitality Impresario Sharan Pasricha". Forbes. Retrieved 4 June 2024.
  22. ^ "The Caterer interview: Sharan Pasricha". The Caterer. 30 October 2015.
  23. ^ "IOD Annual Conference Scotland". IOD Scotland.
  24. ^ "Independent Lodging Congress". IL Congress.
  25. ^ "Tell Series".
  26. ^ "International Hotel Investment Forum". Berlin Conference.
  27. ^ "Entrepreneurial Scotland Annual Conference". Entrepreneurial Scotland.
  28. ^ "Lifestyle choice is right for Ennismore". The Times. 25 November 2020.
  29. ^ "Accor to sell 10.8% stake in Ennismore to Qatari consortium for 185 mln euros". Reuters. 21 June 2022. Retrieved 7 May 2024.
  30. ^ "Hoxton hotels get room to expand". The Times. 4 October 2021.
  31. ^ "Accor and Hoxton hotel chain to merge boutique brands". Financial Times. 24 November 2020.
  32. ^ "No. 63714". The London Gazette (Supplement). 1 June 2022. p. B23.
  33. ^ "Top 100: Sharan Pasricha, Ennismore". The Caterer. 19 April 2018. Retrieved 25 November 2019.
  34. ^ "The 48 people changing the way we travel". CN Traveller. 3 August 2018. Retrieved 25 November 2019.
  35. ^ "The Power List | Entrepreneurs | Sharan Pasricha, Founder & CEO, Ennismore". Walpole. Retrieved 6 December 2019.
  36. ^ Forbes, Sacha (24 June 2024). "Tatler's Social Power Index is unveiled in the August 2024 issue: meet the 10 most influential people in the land". Tatler. Retrieved 8 August 2024.
  37. ^ "Cateys 2024: International Outstanding Achievement Award: Sharan Pasricha". The Caterer. Retrieved 23 August 2024.
  38. ^ "FT Future 100 UK: the full list". ig.ft.com. 24 September 2018. Retrieved 12 September 2024.
  39. ^ Paton, Elizabeth (6 March 2015). "Fashion's fairy godparents". Financial Times.
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