Softlogic to open 5-star hotel next March

Melissa Pereira · 1 Softlogic to open 5-star hotel next March Thu Jun 25, 2015 9:03 am

Melissa Pereira

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Sri Lanka’s youngest diversified conglomerate, Softlogic Holdings PLC will be opening its 5-star city hotel under the globally renowned Movenpick brand in March 2016. “We’ll be opening in March, and I think we’re the first 5-star hotel to be opened in a while,” Softlogic Holdings Chairman/CEO Ashok Pathirage told Mirror Business.

Construction of the US$46.6 million 219-room hotel began in 2013, and was originally set to open for business in time for the 2015 winter peak season. The 24-storey hotel will include a spa and a rooftop infinity pool. Pathirage said that Movenpick will only be involved in managing the property. Softlogic Holdings currently owns the Centara Ceysands Resort & Spa in Aluthgama.

Courtesy: Daily Financial Times 25 June 2015

Arsh2012 · 2 Re: Softlogic to open 5-star hotel next March Thu Aug 25, 2016 10:09 pm

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SHL.N0000 able to increase it NAV from 9.80 to 11.82 within a financial year. It able to improve the business with impressive growth. Healthcare gave more contribution to this boost with help of ODEL, Softlogic Finance, Retail, ICT and other few companies which combined to softlogic. Most interesting thing is Softlogic showed this profit boost while leisure and healthcare on a huge investment on a hotel and hospital. Now already Hotel is built and Hospital in constructions with hoping to open in next few months. Also ODEL is moving to build its huge ODEL mall to give a impressive look to the mother company. I hope Leisure and healthcare to improve the profits with the new constructions. Due to construction on hotel, leisure sector demonstrated a loss which it will no more going in a loss due to completion. But hope a increase of profits with huge margins. Healthcare is undergoing with a construction but don't think it will demonstrate a loss due to stability of that sector. But when ODEL mall construction start it will show a decrease of profits but they also in the correct track. But I dont see good movement in automobile due to background environment of country. Overall Softlogic is a diamond share to have with you. It is next JKH i guess. In 2022 it will be the best company without any doubt if company plans work properly as earlier. Also there is no any company which has a good growth like SHL. In short terms it will show huge profit growth with attractive dividends and increase of NAV. Though the company is impressive Softlogic unable to attract foreign investors as considerable outlook. Also local investors has a bad experience towards the company due to some past experience such as IPO. So due to those it is struggling with 15 level. Though I hope softlogic will carry the share to 20 level end of this year. However last few months investors showed a positive feed back toward softlogic share. This is a hidden gem and before people get into it put your hands to it. SHL is a long term investment with unbelievable return. Short term you can invest on 15 to 18 level and sell at 20 to 22 levels Hold when it hanging in 18 to 20..... Good luck......................................