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Pakistan hotel chain From Wikipedia, the free encyclopedia
Pakistan Services Limited, doing business as Pearl-Continental Hotels & Resorts (also abbreviated to PC Hotels), is the largest chain of Premium, Luxury and Select Service hotels in Pakistan with properties in Karachi, Lahore, Rawalpindi, Bhurban, Muzaffarabad and Malam Jabba, and under construction in Multan, Attabad Lake, Sukkur, and Mirpur.
Pearl-Continental Hotel in Karachi | |
| Formerly | InterContinental Hotels |
|---|---|
| Company type | Public |
| PSX: PSEL KSE 100 component | |
| Founder | Sadruddin Hashwani |
| Headquarters | , Pakistan |
Number of locations | Karachi, Lahore, Rawalpindi, Bhurban, Muzaffarabad, Malam Jabba, Swat, Skardu, Hunza and upcoming properties in Mirpur and Multan |
Area served | Pakistan |
Key people | |
| Revenue |  Rs. 13.26 billion (US$46 million)[1] (2023) |
 Rs. 67.77 million (US$230,000)[1] (2023) | |
| Rs. -218.27 million (US$−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 | psl pchotels |
Pakistan Services Limited was founded as a state-owned company in 1958. Later, it came under the ownership of Haroon family.[2]
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.[3][4] A new hotel was built for Lahore and Rawalpindi in 1967[5][6] with another branch opening in Peshawar in 1975.[7]
In 2021, Hashoo group also launched a chain of four-star hotels under the brand name PC Legacy.[8] The PC Legacy Naran is functional and operating in Naran and another opened in Nasirabad, Hunza in 2023.[9][relevant? – discuss]
In 1971, when the Pearl-Continental (or Khyber Intercontinental at the time) 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.[10]
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]
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