Showing posts with label Kalutara. Show all posts
Showing posts with label Kalutara. Show all posts

13 March 2012

Sri Lanka's Hemas to Build a $25mn Hotel at Kalutara

11th March 2012, www.dailynews.lk, By Shirajiv Sirimane

Sri Lankan tourism is on an upward trend with increased arrivals and revenue and the country would soon need additional rooms to meet this demand. There is a renewed interest for the leisure sector in Sri Lanka and this arguers well for the industry said Group director of diversified group, Hemas Holdings, Abbas Eusufally, speaking to ' Daily News Business' at the ITB in Berlin. He said that there are new players entering the hotel sector by building new hotels and this is encouraging.

He said the Group too has decided to embark on one of the stalled hotel projects at Kalutara. “Our plan is to build a 150 room hotel complex next to Avani Kalutara and the investment for this would be over US $ 25 million. The Avani hotel too would once again be refurbished and would close in May until next winter.

The Group is also looking at investing on two other hotel projects in the deep South and we are currently studying these proposals. “I have been attending 35 ITB events on the trot and there is a very strong interest not only from traditional markets but from other segments as well,” he reiterated.

He said similarly, the Sri Lanka leisure sector too, soon would also see a high demand for qualified staff for the human resources sector. “Without quality and a well trained staff, one cannot give out a quality product and hence well trained staff is a must. A five star hotel cannot give a two star service,” he said.

Eurfally said that hotel schools and educational institutions set up for this purpose in the country are inadequate to meet the projected demand in Sri Lanka.

“The wages paid to hotel staff may not be enough to keep trained experienced staff in Sri Lanka due to brain drain ,” he said.

Commenting on the allegation that Lanka hotel rates had increased, he said that it is only a general statement. “However I think that in a free economy hotel rooms should not have a price control and it should depend on demand and supply forces,” he said. Regulations in this area is not required.

However he said that hotel rates should be decided on quality and service where the customer should not get the feeling that they are ripped off. 'Value for money is the key.'

He also said that time is ripe now for hotels to refurbish as today the industry is getting returns

mainly due to the peace dividend and there is RoI sooner than anticipated. Eurfally said that one of the grey areas in the industry that he identifies is the lack of a proper destination marketing with a good theme for a along period of time. “Sri Lanka is not properly focusing in these investments and this aspect should improve. Today with several themes, tourists are confused.”

The expressions such as Visit Malaysia, Amazing Thailand, were very successful and they still linger in the minds of the globe tourism industry. “I think Sri Lanka should stick to 'Lanka the Wonder of Asia' and only promote this catch line for a long term,” he said.

He said that being a listed company they have an obligation towards their share holders and would do their utmost to give them good returns. “We will invest but with caution,” he added.

19 July 2010

Sri Lanka's Aitken Spence to Invest $78mn on Hotels

12th July 2010, www.dailymirror.lk

Sri Lanka's Aitken Spence group is planning to put 78 million US dollars in to the leisure sector after a war ended in Sri Lanka with new hotels in the south western coast being started first, an official said.

"We envisage a post-war investment around 9.0 billion rupees (78 million US dollars) given the opportunities that we have," Aitken Spence director Gehan Perera told a forum organized by Acuity, an investment bank.

A 30-year war which had hamstrung tourism ended in May 2009, and arrivals are up over 40 percent this year. Aiken Spence owns or operates 27 hotels with 2,020 rooms in Sri Lanka, Maldives, India and Oman.

The firm will refurbish and expand a 94-room hotel in Kalutara, formerly known as Golden Sun which it only managed at first but has since taken full control after a Singapore based shareholder sold out.

A hotel in Beruwala is being done up and will be relaunched as Heritance Mahagedera in early 2011 positioned as a 64-room specialized Ayurveda (a traditional South Asian healthcare system) resort.

Its premium hotels, branded Heritance, includes a 5-star resort next to a lake in Kandalama in central Sri Lanka, a former tea factory in the central hills and a beach resort in Ahungalle in the south western coast.

Perera said a 10 acre land next to Heritance Ahungalle was slated for development. Earlier reports have said the group was planning a venture there with the Six Senses leisure group.

"We have another seven acres next to Heritance Mahagedera in Beruwala. This is also under discussion," Perera said.

"In Nilaweli (in north eastern Sri Lanka) we have a little over 100 acres. It is also on the drawing board. We are looking at a fairly integrated development there."

Perera said the group was looking at Yala in the deep south of the country, where a popular national park is located and was also scouting for more opportunities in the north. In addition to Nilaweli it was also looking at more projects in eastern Sri Lanka.

The government recently gave land to developers in Pasikuda and another tourism zone in Kuchchaveli has also been opened.

24 March 2010

Aitken Spence Buys Ramada Resort, Kalutara, Sri Lanka

22nd March 2010, www.lankabusinessonline.lk

Sri Lanka's Aitken Spence Hotel Holdings has acquired 100 percent of Ramada Resorts, a beach resort formerly known as Golden Sun Resorts, for 350 million rupees, a stock exchange filing said.

The filing said the shareholders of Golden Sun Resort in Kalutara on the west coast had given the nod to go ahead with deal.

Ramada Resorts, built on a five-acre land, was managed by Aitken Spence Hotels before the takeover.

The hotel has 64 standard rooms and 30 cabanas, three restaurants and two bars, an Aitken Spence Hotels spokeswoman said.

Aitken Spence Hotel Holdings is one of the largest leisure groups in Sri Lanka.

Before the takeover of Golden Sun, the group had seven hotels under the Aitken Spence Hotels and Resorts brand and another three resorts under its luxury brand, Heritance.

Aitken Spence also owns or manages five hotels in India, six hotels in the Maldives Islands and five hotels in the Gulf sultanate of Oman.

The firm plans a rights issue to raise 2.5 billion rupees to expand in Sri Lanka and overseas.