Sharan Pasricha
{{Short description|Businessman, entrepreneur (born 1980)}}
{{Use dmy dates|date=July 2017}}
{{Use Indian English|date=July 2017}}
{{Infobox person
| name = Sharan Pasricha
| honorific_suffix = {{post-nominals|country=GBR|size=100|MBE}}
| image = Sharan Pasricha.jpg
| birth_date = {{Birth date and age|1980|10|19|df=y}}
| alma_mater = London Business School
Regent's College
Doon School
| occupation = Founder & CEO, Ennismore
| website = {{URL|ennismore.com}}
}}
Sharan Pasricha {{post-nominals|country=GBR|size=100%|MBE}} is an Indian-born entrepreneur based in London, England. He founded the hospitality and operating company Ennismore, and acquired The Hoxton and Gleneagles.{{Cite web|url=https://www.forbes.com/sites/sarahturner/2018/10/25/an-interview-with-sharan-pasricha-of-hoxton-hotels-and-gleneagles/|title=An Interview With Sharan Pasricha Of Hoxton Hotels And Gleneagles|last=Turner|first=Sarah|website=Forbes|language=en|access-date=2019-11-25}} He is the founder of Maison Estelle and Estelle Manor.{{Cite web |date=2023-10-02 |title=Peek inside Oxfordshire's most exclusive members-only private club |url=https://www.oxfordmail.co.uk/news/23826148.oxfordshire-inside-new-hotel-private-members-club-estelle-manor/ |access-date=2024-04-03 |website=Oxford Mail |language=en}}
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.{{Cite news |last=Shollenbarger |first=Maria |date=2023-04-26 |title=Sharan Pasricha – hospitality’s unstoppable operator |url=https://www.ft.com/content/b006ed4d-08f1-4f3a-826a-87de0be39098 |access-date=2024-08-23 |work=Financial Times}}
Biography
Pasricha was educated at the Doon School in India and Millfield School in Somerset.{{Cite news|url=https://www.thetimes.com/business-money/companies/article/gleneagles-is-a-sleeping-giant-well-make-it-the-best-hotel-in-the-world-lbhjf75z0|title='Gleneagles is a sleeping giant. We'll make it the best hotel in the world'|last=Walsh|first=Dominic|date=2019-01-12|work=The Times|access-date=2019-11-25|language=en|issn=0140-0460}} 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.
While at Regent's College, Pasricha founded RUSH! Media, a marketing agency based in London.{{cite web|url=https://www.deloitte.co.uk/hotelinvestmentconference/speakers.cfm |title=27th European Hotel Investment Conference|publisher=Deloitte}} 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.{{Cite news|url=https://www.bbc.com/news/business-47785649|title=I used to sell my packed lunch to my schoolmates|last=Bearne|first=Suzanne|date=2019-04-29|access-date=2019-11-25|language=en-GB}} In 2009, he returned to England to do his MBA, while working at a private equity investment firm, Better Capital.
Upon completing his MBA in 2011, Pasricha founded Ennismore and tried to acquire Soho House with the help of its founder Nick Jones.{{cite news|url=https://www.thetimes.co.uk/tto/business/moversshakers/article3462462.ece|title= Business big shot: Sharan Pasricha|publisher=The Sunday Times|last1= Walsh|first1= Dominic}}{{Cite web|url=https://www.thecourier.co.uk/fp/news/local/perth-kinross/121576/luxury-makeover-perthshire-bb/|title=Luxury makeover for Perthshire B&B|last=Reoch|first=Paul|website=The Courier.co.uk|language=en|access-date=2019-12-13}} A year later, Ennismore acquired the Hoxton Hotel in Shoreditch. 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.{{cite news|title=Rembrandt adds colour to Hoxton hotel owner |url= https://www.thetimes.com/travel/destinations/uk-travel/england/london-travel/rembrandt-adds-colour-to-hoxton-hotel-owner-gl8sft2jj92|work=The Times|last1= Walsh|first1= Dominic}} 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.{{cite web|title=Is this the coolest hotel in Paris? Inside the new Hoxton|url=https://www.telegraph.co.uk/travel/destinations/europe/france/paris/articles/inside-the-hoxton-hotel-paris/amp/|archive-url=https://web.archive.org/web/20170826022441/http://www.telegraph.co.uk/travel/destinations/europe/france/paris/articles/inside-the-hoxton-hotel-paris/amp/|url-status=dead|archive-date=2017-08-26|website=The Telegraph}} 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.{{Cite web|url=https://thehoxton.com/about|title=About The Hoxton - Our Story|website=thehoxton.com|language=en|access-date=2019-11-25}} 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{{cite web|url=https://www.businesstraveller.com/business-travel/2021/05/25/the-hoxton-to-add-five-hotels-in-europe/|title=The Hoxton to add five hotels in Europe|website=Business Traveller|accessdate=15 December 2021}}
In 2015, Pasricha led the acquisition of the Gleneagles Hotel in Perthshire which was owned by drinks company Diageo.{{cite web|url=https://www.pressandjournal.co.uk/fp/business/north-of-scotland/626238/new-gleneagles-hotel-owner-sharan-pasricha-pledges-keep-existing-management/|title= New Gleneagles Hotel owner Sharan Pasricha pledges to keep existing management|publisher=Press And Journal}} 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.{{Cite web|url=https://ennismore.com/|title=Ennismore {{!}} Developer of unique hospitality properties and experiences around the world|website=Ennismore|language=en-US|access-date=2019-11-25}} The refurbishment programme has been attributed to a jump in revenues and operating profits to more than £1 million per week during 2018.{{Cite web|url=https://www.scotsman.com/business/gleneagles-hotel-rakes-in-1m-a-week-as-sales-jump-1-4931036|title=Gleneagles Hotel rakes in £1m a week as sales jump|website=www.scotsman.com|language=en|access-date=2019-11-25}} Gleneagles has won a number of awards.{{Cite web|url=https://www.pressandjournal.co.uk/fp/lifestyle/travel/1675514/glorious-gleneagles-a-taste-of-luxury-at-scotlands-most-famous-hotel/|title=Glorious Gleneagles: A taste of luxury at Scotland's most famous hotel|last=Welsh|first=Susan|website=Press and Journal|language=en-US|access-date=2019-12-06}}{{Cite news|url=https://www.thetimes.com/uk/scotland/article/hotel-and-museum-win-travel-awards-mfv6tz7cs|title=Hotel and museum win travel awards|last=Duncanson|first=Hilary|date=2018-01-03|work=The Times|access-date=2019-12-06|language=en|issn=0140-0460}} 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.{{Cite web |last=d’Arcy |first=Susan |date=2024-06-06 |title=Gleneagles Townhouse, Edinburgh, hotel review: ‘The vibe is corset-loosening and unpretentious’ |url=https://www.thetimes.com/article/gleneagles-townhouse-review-edinburgh-dqgqdvl7q |access-date=2024-06-06 |website=www.thetimes.com |language=en}} It was named “Best Hotel” by the GQ Food & Drinks Awards 2023.{{Cite web |last=Christensen |first=Paul Henderson,Mike |date=2023-04-05 |title=The GQ Food and Drink Awards 2023: presenting all the winners |url=https://www.gq-magazine.co.uk/lifestyle/article/food-and-drink-awards-2023-winners |access-date=2024-06-06 |website=British GQ |language=en-GB}}
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.{{Cite web |last=Parker |first=Jennifer Leigh |title=Inside The Mind Of Hospitality Impresario Sharan Pasricha |url=https://www.forbes.com/sites/jenniferleighparker/2024/02/05/inside-the-mind-of-hospitality-impresario-sharan-pasricha/ |access-date=2024-06-04 |website=Forbes |language=en}}
Pasricha occasionally speaks at entrepreneurial and hospitality industry conferences.{{cite web|url=https://www.thecaterer.com/articles/363806/the-caterer-interview-sharan-pasricha |title=The Caterer interview: Sharan Pasricha|date=30 October 2015|publisher=The Caterer}}{{cite web|title=IOD Annual Conference Scotland|url=http://iodscotland.com/events-listings/annual-conference/speakers/|website=IOD Scotland}}{{cite web|title=Independent Lodging Congress|url=https://ilcongress.com/leader-speaker/sharan-pasricha/|website=IL Congress}}{{cite web|title=Tell Series|url=http://www.tellseries.com/events/sharan-pasricha/}}{{cite web |title=International Hotel Investment Forum |url=http://www.berlinconference.com/speaker-profile/sharan-pasricha |website=Berlin Conference}}{{cite web |title=Entrepreneurial Scotland Annual Conference |url=https://www.entrepreneurialscotland.com/purpose/people/sharan-pasricha |website=Entrepreneurial Scotland}}
In 2020 it was announced that Pasricha created a joint venture with Europe’s largest hotel company Accor.{{cite news |url=https://www.thetimes.com/business-money/article/lifestyle-choice-is-right-for-ennismore-ntpnccs2s |title=Lifestyle choice is right for Ennismore |date=25 November 2020 |work=The Times}} 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.{{Cite news |date=21 June 2022 |title=Accor to sell 10.8% stake in Ennismore to Qatari consortium for 185 mln euros |url=https://www.reuters.com/markets/deals/accor-sell-108-stake-ennismore-qatari-consortium-185-mln-euros-2022-06-21/ |access-date=7 May 2024 |work=Reuters}} He became co-CEO of the company, alongside the chief development officer at Accor, Gaurav Bhushan.{{cite news |url=https://www.thetimes.com/business-money/article/hoxton-hotels-get-room-to-expand-xd257v5f8 |title=Hoxton hotels get room to expand |date=4 October 2021 |work=The Times}}{{cite news |url=https://www.ft.com/content/b32df546-c884-471e-b1a2-e0191dcde4b8 |title=Accor and Hoxton hotel chain to merge boutique brands |date=24 November 2020 |work=Financial Times}}
Awards and honours
Pasricha was appointed Member of the Order of the British Empire (MBE) in the 2022 Birthday Honours for services to the hotel industry.{{London Gazette|issue=63714|supp=y|page=B23|date=1 June 2022}}
In 2018, he appeared in The Caterer Top 100, placing #68 overall and #14 among hoteliers.{{Cite web |date=2018-04-19 |title=Top 100: Sharan Pasricha, Ennismore |url=https://www.thecaterer.com/news/in-depth/top-100-sharan-pasricha-ennismore |access-date=2019-11-25 |website=The Caterer |language=en}} He also featured in Conde Nast Traveller's '48 People Changing The Way We Travel'.{{Cite web |date=3 August 2018 |title=The 48 people changing the way we travel |url=https://www.cntraveller.com/gallery/people-changing-the-way-we-travel |access-date=2019-11-25 |website=CN Traveller}} In 2019, he was named as one of the 50 Most Influential People in British Luxury.{{Cite web |title=The Power List {{!}} Entrepreneurs {{!}} Sharan Pasricha, Founder & CEO, Ennismore |url=https://www.thewalpole.co.uk/news/power-list-entrepreneurs-sharan-pasricha-founder-ceo-ennismore/ |access-date=2019-12-06 |website=Walpole |language=en-US}} Pasricha featured in Tatler’s Social Power Index 2024.{{Cite web |last=Forbes |first=Sacha |date=2024-06-24 |title=Tatler’s Social Power Index is unveiled in the August 2024 issue: meet the 10 most influential people in the land |url=https://www.tatler.com/gallery/social-power-index-august-2024-meet-the-10-most-influential-people |access-date=2024-08-08 |website=Tatler |language=en-GB}} He won the Cateys 2024 International Outstanding Achievement Award.{{Cite web |title=Cateys 2024: International Outstanding Achievement Award: Sharan Pasricha |url=https://www.thecaterer.com/indepth/cateys-2024-international-outstanding-achievement-award-sharan-pasricha |access-date=2024-08-23 |website=The Caterer |language=En}} Under Pasricha's leadership, Ennismore was included the Financial Times’ FT1000: Europe's fastest growing companies.{{Cite web |date=2018-09-24 |title=FT Future 100 UK: the full list |url=https://ig.ft.com/future-100/2018/ |access-date=2024-09-12 |website=ig.ft.com |language=en-GB}}
Personal life
Pasricha married to Eiesha Bharti Pasricha in 2009. They have two children.{{cite web|url=https://www.standard.co.uk/lifestyle/work-is-all-i-have-ever-done-says-hoxton-holborn-hotelier-a3130391.html|title= 'Work is all I have ever done,' says Hoxton Holborn hotelier|date= 18 January 2016|publisher=The Standard}} 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.{{cite news|title=Fashion's fairy godparents |url=http://www.ft.com/intl/cms/s/0/2e4ba50a-c0d5-11e4-9949-00144feab7de.html|newspaper=Financial Times|date=6 March 2015|last1=Paton|first1=Elizabeth}}
References
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Category:British businesspeople
Category:Alumni of London Business School
Category:Alumni of Regent's University London
Category:The Doon School alumni
Category:Indian emigrants to the United Kingdom
Category:Members of the Order of the British Empire