FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» Access Engineering awarded two more contract packages at Colombo Port
by Biggy Today at 9:20 am

» CITH - What happned today?
by maduk Today at 2:24 am

» Asian stocks drift higher amid rate cut speculation; Japan lags
by Rare Yesterday at 1:09 pm

» සභාපතිවරයාගේ හැසිරීම හේතුවෙන් රිචර්ඩ් පීරිස් සමාගම අනතුරේ?
by ChooBoy Mon Oct 21, 2024 12:47 am

» ANALYSIS: Sri Lanka Car Market 2024
by D.G.Dayaratne Sun Oct 20, 2024 9:50 pm

» Unprofessional conduct by Directors of East West Properties PLC
by Biggy Sun Oct 20, 2024 9:31 pm

» TILE AND CERAMIC SECTOR
by soileconomy Sun Oct 20, 2024 4:25 pm

» Colombo Stock Market: Valuation Guide 2Q2024
by God Father Sun Oct 20, 2024 8:23 am

» Oil prices fall further
by Rare Sat Oct 19, 2024 6:47 am

» Imperfect laws keeps Bankrupt Companies trading in Sri Lanka Stock Exchange gravely endangering the Investors!
by God Father Fri Oct 18, 2024 9:47 pm

» Stock-Picking Strategies
by Rare Fri Oct 18, 2024 12:53 pm

» Bullish about a sustainable turnaround - CSE Chairman
by Rare Wed Oct 16, 2024 12:34 pm

» Post-election winners.
by Biggy Wed Oct 16, 2024 11:38 am

» Price Movement in Brent Co., WTI Co., and CEYPETCO Price Revisions Since Hamas' Attack on Israel in October 2023
by sheildskye Tue Oct 15, 2024 6:19 am

» WATA; MELS; LLUB; RCL- DIVIDEND SEASON
by sheildskye Tue Oct 15, 2024 6:04 am

» NDB Wealth buys more into Access Engineering; foreign investor Tundra exits
by Dasun Maduwantha Sun Oct 13, 2024 12:57 pm

» Access to invest in agri and livestock
by rajithasahan Sun Oct 13, 2024 12:00 am

» ACCESS ENGINEERING PLC (AEL.N0000)
by Shiranli Sat Oct 12, 2024 11:48 am

» COMMERCIAL BANK OF CEYLON PLC (COMB.N0000)
by EPS Fri Oct 11, 2024 10:54 pm

» Stocks on the Radar at CSE
by Biggy Fri Oct 11, 2024 11:37 am

» Construction Giant's IPO - Access Engineering
by Nandana Withanage Thu Oct 10, 2024 1:12 am

» Global Rice prices drops
by Rare Sun Oct 06, 2024 3:19 am

» ACCESS Engineering,my target Rs. 26/-
by shiraz latiff Thu Oct 03, 2024 12:41 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

Work starts on Kandy’s latest hotel for smart travelers

Go down  Message [Page 1 of 1]

Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Sino Lanka, Kandy Hotels and ONYX partnership to boost hill capital’s leisure landscape

Sino Lanka Hotels Holdings (Pvt.) Limited, Kandy Hotels Co. (1938) PLC, together with ONYX Hospitality Group, yesterday celebrated the launch of OZO Kandy, the second OZO property to be built in Sri Lanka. Minister for Economic Development and Tourism Basil Rajapaksa, Chief Minister of

Central Province Sarath Ekanayake, Central Province Governor Tikiri Kobbekaduwa, Mayor of Kandy Mahendra Ratwatte, shareholders and owners of Sino Lanka Hotels Holdings and The Kandy Hotels Co. (1938) PLC and executives from ONYX Hospitality Group participated in a ground breaking ceremony at the OZO site behind the Hotel Suisse in Kandy.
The project is a joint venture between Sino Lanka Hotels Holdings, headed by Bob Kundanmal and Kandy Hotels Co. (1938) PLC – owning company of the Queen’s Hotel and Hotel Suisse, headed by Kandy Hotels Co. (1938) PLC. Sanjeev Gardiner. ONYX, a Thailand based Hospitality Company which operates four hotel brands in Asia-Pacific and the Middle East, will manage the new hotel under its OZO brand.
“We are very positive about tourism in Sri Lanka and moving forward to build all six hotels. We are pleased to partner with ONYX on our three star properties,” stated Sino Lanka Hotels Holdings Ltd. Chairman Bob Kundanmal
“Sri Lanka’s tourism industry is growing rapidly and we are intent on becoming a part of the booming opportunities ahead through new partnerships and projects such as the OZO brand expansion in Sri Lanka,” added Gardiner
OZO is a select service brand aimed at travellers looking for insider experiences and a great sleep, revitalising the idea of smart travel. The 128 room OZO Kandy will be located adjacent to the Hotel Suisse at Sangaraja Mawatha off the Kandy Lake. The hotel’s recreational facilities will include a swimming pool, gym, two restaurants and OZO’s innovative grab and go, food on the run concept, O2Go.
Construction for OZO Colombo, located on Marine Drive, Colombo 04, is progressing well and the company is awaiting approvals to commence a third project in Galle.
Sino Lanka Hotels Holdings (Pvt.) Ltd is a special purpose joint venture investment company established by investors and promoters, Bob Kundanmal, Stefan Furkhan together with Singaporean investors Manu Bhojwani and Rajan Bharwani to develop hotel and resort projects in Sri Lanka. The company has so far acquired six sites in Colombo, Galle, Kandy, Seenimodera, Chilaw and an island in Beruwela for the purpose of developing hotels and resort properties.
The Kandy Hotels Co. (1938) PLC is a public listed company listed on the Colombo Stock Exchange and owns Queens Hotel and Hotel Suisse. Queens Hotel Kandy, located in the city of Kandy and built by the British over 150 years ago amongst splendid surroundings alongside the Kandy Lake, Hotel Suisse ideally located right beside the historic and picturesque Kandy Lake. Gardiner is the Group Chairman of the Galle Face Hotel Group. The ultimate parent Company of the Both Suisse Hotel (Pvt.) Ltd and the Kandy Hotels Co. (1938) PLC is The Galle Face Hotel Co. Ltd. The Suisse Hotel (Pvt.) Ltd. which is the JV Company for the OZO project is a wholly owned subsidiary of The Kandy Hotels Co. (1938) PLC
ONYX Hospitality Group operates four diverse yet complementary hotel brands – Saffron, Amari, Shama and Ozo – each catering to the distinctive requirements of today’s business and leisure travellers. The Thailand-based hotel management company also manages a portfolio of independently owned or franchised properties throughout Thailand. ONYX reaches beyond its Thai roots to offer innovative management solutions across the Indian Ocean, Arabian Gulf and Asia-Pacific regions.
http://www.ft.lk/2012/08/11/work-starts-on-kandys-latest-hotel-for-smart-travelers/

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum