P.K. Group of Hotels & Apartments owned & managed by Nieva Homes Private Limited is one of the few upcoming Budget Hotel chains in India. Though the chain presence at present is confined to only a few cities in the National Capital Region of India however the prospects of this small company dreaming BIG are quite high. At present the Hotel chain is located in Noida, Gurgaon, Faridabad & Delhi.
In modern times, running hotel chains has become hard due to the investment of Foreign Big players in this Trade. So the question is how such a small chain of Hotels is dreaming BIG rather then fearing a threat from other huge budget chains present like OYO, Fab Hotels, Treebo Hotels, Zo Rooms etc.
The reason for this chain not afraid of the Big Competitiors lies in its simplicity. All its competitors are huge is size and present in all cities however they all run on leased or co-partnership model. However P.K. Group of Hotels & Apartments though small in size yet is the only one to owned its properties. The Hotels are conceptualised at the time of building by P.K. Group renowned architects and are build to perfection. So all the properties are owned, managed & operated by Nieva Homes Private Limited the company in ownership of the brand P.K. Group of Hotels & Apartments.
This high intrinsic Investment in its core business is what gives P.K. Group of Hotels & Apartments its distinctive advantage in the Budget chains of Hotels. Being approached by top Venture capitalists, P.K. Group of Hotels was told to get into the leasing business like its competitors to grow manifolds however the promoters refused the same because they believe in building there business over a long term rather then a short term growth.
P.K. Group of Hotels has contracts with all top Fortune 500 Companies like Ernst & young, Price Water House Coopers, KPMG, EXL Service, Genpact, Accenture, MetLife, Samsung, Global logic, NTPC, GAIL, Indian Oil Corporation, Nokia Siemens Network, Oracle, HCL Technogies, Infosys, Wipro, Sopra Steria Ltd, Capgemini etc to name a few.
P.K. Group of Hotels & Apartment was started by Nieva Homes Pvt. Ltd in the year 2011 and over the last 8 years this Budget Hotel chain has an inventory of 350 rooms spread over 18 properties. The product mix of this Hotel chain ranges from Budget Hotels, Service Apartments like Studio Apartments, 1 BHK Apartments & 2 BHK Apartments thus giving it a large customer base to cater to.
All of its properties are strategically located next to major corporate hubs, hospitals, Malls & near public network like DMRC Metro or Rapid Metro Gurgaon.
Nieva Homes Pvt Ltd main promoter is Mr. Amit Kapoor a young entrepreneur who believes in providing its customers with a quality accommodations at reasonable price points. Mr. Amit Kapoor is the third generation in this family business of Hotel who has completely restructured it business to suit the modern needs. With more upcoming inventory of 150 rooms in the next two years with homegrown funding the prospects if P.K. Group of Hotels & Apartments seems robust & bullish in the near term.
Being the only budget Hotel chain to be isolated of the Venture Capitalist funding though still giving them a tough fight, P.K. Group of Hotels & Apartments is redefining Budget Hotels Industry in its own way.