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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Work starts on Kandy’s latest hotel for smart travelers

Work starts on Kandy’s latest hotel for smart travelers

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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/

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