Sharan Pasricha

Sharan Pasricha
Born (1980-10-19) 19 October 1980
Residence London, England
Alma mater Doon School
London Business School
Occupation Founder & CEO, Ennismore
Net worth GBP £135 Million (2017) [1]
Website ennismore.com

Sharan Pasricha is an Indian born entrepreneur based in London, England. He is most known for founding Ennismore, a global hospitality developer and operator and for the acquisition and growth of The Hoxton and Gleneagles.

Ennismore was ranked #10 in Britain's fastest growing private companies in the Sunday Times Fast Track 100 [2] and #29 in the Financial Times’ FT1000: Europe's fastest growing companies.[3]

Early life and education

Pasricha was educated at the Doon School in India. He then completed an Accounting & Finance degree from Regent's College and subsequently an MBA from London Business School.[4]

Career

While at Regent's College, Pasricha founded RUSH! Media, a venture capital backed Media & Marketing agency based in London.[5] He spent three years running the business before being asked to return to India to take over his uncle's loss-making leather manufacturing business. He spent 3 years as a turnaround CEO in New Delhi and returned the business to profit in 18 months. In 2009, he married Eiesha Bharti and returned to England. The same year, he undertook an MBA at London Business School, while working at a private equity investment firm, Better Capital.[4]

Upon completing his MBA in 2011, Pasricha founded Ennismore backed by a group of investors and tried to acquire Soho House with the help of its founder Nick Jones.[6] 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.[7] 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[8].

Ennismore has further acquired sites for The Hoxton in Williamsburg, [9] Portland, Southwark, [10] Los Angeles, [11] Shepherd's Bush, [12] Chicago [13] and San Francisco. [14]

In the summer of 2015, Pasricha acquired the Gleneagles Hotel in Perthshire which was owned by drinks company Diageo.[15] Pasricha occasionally speaks at entrepreneurial and hospitality industry conferences.[16] [17] [18] [19] [20] [21]

Personal life

Pasricha lives in London with his wife, Eiesha Bharti Pasricha, and their two children.[4] Sharan's father-in-law is Sunil Mittal and Kavin Bharti Mittal, the founder and CEO of hike Messenger is his brother-in-law.[22]

References

  1. ↑ "The Sunday Times Rich List 2017". The Sunday Times.
  2. ↑ "Sunday Times Fast Track 100". Sunday Times.
  3. ↑ "FT 1000: Europe's Fastest Growing Companies". Financial Times.
  4. 1 2 3 "'Work is all I have ever done,' says Hoxton Holborn hotelier". The Standard.
  5. ↑ "27th European Hotel Investment Conference". Deloitte.
  6. ↑ "Business big shot: Sharan Pasricha". The Sunday Times.
  7. ↑ "Rembrandt adds colour to Hoxton hotel owner". The Times.
  8. ↑ "Is this the coolest hotel in Paris? Inside the new Hoxton". The Telegraph.
  9. ↑ "The 28 best new hotels for 2017". The Telegraph.
  10. ↑ "Derwent London sells Hoxton Hotel development on South Bank to Ennismore for £34m". City A.M.
  11. ↑ "New details revealed for the hip Hoxton hotel coming to DTLA". Curbed Los Angeles.
  12. ↑ "The Hoxton to open hotels in London's Shepherd's Bush and Chicago". The Caterer.
  13. ↑ "Construction Permit Issued For Fulton Market's Hoxton Hotel". Bisnow.
  14. ↑ "Developer proposes 239-room hotel with restaurant on SoMa parking lot". San Francisco Business Times.
  15. ↑ "New Gleneagles Hotel owner Sharan Pasricha pledges to keep existing management". Press And Journal.
  16. ↑ "The Caterer interview: Sharan Pasricha". The Caterer.
  17. ↑ "IOD Annual Conference Scotland". IOD Scotland.
  18. ↑ "Independent Lodging Congress". IL Congress.
  19. ↑ "Tell Series".
  20. ↑ "International Hotel Investment Forum". Berlin Conference.
  21. ↑ "Entrepreneurial Scotland Annual Conference". Entrepreneurial Scotland.
  22. ↑ "Fashion's fairy godparents". Financial Times.


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