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

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Best Time to Collect Cic X
by Value Pick Today at 8:15 am

» Why is First Capital Holdings being dumped?
by Berryfund Today at 6:29 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by dilshan unawatuna Today at 6:06 am

» AGST can move
by FINANCIAL CHRONICLE™ Yesterday at 11:58 pm

» COMMERCIAL CREDIT AND FINANCE PLC (COCR.N0000)
by newone Yesterday at 11:57 pm

» ඇග්ස්ටාර් - (AGST .N0000) RS 10 +
by FINANCIAL CHRONICLE™ Yesterday at 11:57 pm

» AGSTAR PLC (AGST.N0000)
by FINANCIAL CHRONICLE™ Yesterday at 11:57 pm

» AGST next Run with Profits...
by FINANCIAL CHRONICLE™ Yesterday at 11:56 pm

» AGST - Winner for this week
by FINANCIAL CHRONICLE™ Yesterday at 11:55 pm

» LOFC AND CLC Target Price??
by xhunter Yesterday at 11:06 pm

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by Bakkabwoi Yesterday at 8:10 pm

» Twitter accounts related to the stock market
by Bakkabwoi Yesterday at 8:09 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by xhunter Yesterday at 7:55 pm

» LOFC LOFC LOFC
by madukp Yesterday at 6:49 pm

» How Equity Emerged the Top Asset Class During a Pandemic
by samaritan Yesterday at 6:30 pm

» HVA FOODS PLC (HVA.N0000)
by rajini Yesterday at 12:38 pm

» Ambeon Holdings fully owned subsidiary MillenniumIT ESP gears for global expansion
by samaritan Yesterday at 11:39 am

» Sri Lanka IT and consultant industry moved closer to LKR 10Bn in 2Q 2021
by samaritan Yesterday at 11:36 am

» The Economy will be steered towards continued stability - CB Governor
by samaritan Yesterday at 10:04 am

» Asia/Capital Trust LLUB Target Price Rs 150..
by rajithasahan Wed Sep 15, 2021 10:16 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lankan Conglomerate joins up with Spanish chain to start new hotel in Ahungalla under BOI

Sri Lankan Conglomerate joins up with Spanish chain to start new hotel in Ahungalla under BOI

Go down  Message [Page 1 of 1]

Jayashantha

Jayashantha
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Aitken Spence partners with RIU Hotels Spain to build USD 100mn resort in Ahungalla spearheading the first business model around Southern development

Aitken Spence PLC entered into an agreement with the Board of Investment of Sri Lanka (BOI) to set up a five star Luxury Resort in Aungalla. This agreement was signed by the Chairman of the BOI, Dr. Lakshman Jayaweera and the Directors of Aitken Spence Malin Hapugoda and Vipula Goonathilake.

Aitken Spence PLC will launch the first business model involving the Southern Highway and the Mattala Airport by investing in a USD 100 million beach resort in Ahungalla to be managed by an international hotel chain. The 5 story 500 roomed 5 star luxury resort which will be managed by RIU Hotels, Spain, would also be a first for the Spanish chain, being their inaugural project in the Asia Pacific region.

“The timing of the hotel’s opening will be right since the Southern Highway to Hambantota is expected to reach completion by then and we have the Mattala Airport facility already in place, giving us the perfect mix for our business model. Aitken Spence has always encouraged infrastructure development in the country and our investment is proof of our confidence and support of the Government’s development plans” said RajanBrito, Deputy Chairman of the Group.

The Aitken Spence management is also of the opinion that the private sector needs to develop business modes of this nature, which are in line with the Government’s vision for the country’s development.

BOI stated, “BOI is very pleased that this project will be started in Ahungalla. The policy of the Government is to get 2.5 Million tourist arrivals by 2016. Hence hotel room capacity needs to be increased to meet growing demand”

The project will also be unique in its concept, since it will introduce Charter flights to the country. The hotel which would cater to high end customers looking for long stay vacations will arrive on Boeing 787 Dreamliner charters which can carry up to 200 – 300 passengers at a time.

http://www.adaderana.lk/bizenglish/sri-lankan-conglomerate-joins-up-with-spanish-chain-to-start-new-hotel-in-ahungalla-under-boi/

Back to top  Message [Page 1 of 1]

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