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"The private placement will be concluded this year,’’ Jetwing Chairman Hiran Cooray was quoted as saying in The Sunday Island newspaper.
"The IPO will follow. We’re already getting inquiries about the private placement."
It has four hotels in Negambo. The former Blue Oceanic Hotel in Negambo which was re-launched as 4-start Jetwing Blue last week after a 850 million rupee upgrade.
It owns and operates Lighthouse hotel in Galle, manages Tangalle Bay and Era Beach (Talpe), owns St. Andrews in Nuwara Eliya and has a boutique hotel, Warwick Gardens, on an estate in Ambewela.
Lighthouse Hotel is planning a 300 million rupee expansion and upgrade.
It also runs Vil Uyana in Sigiriya and Hunas Falls in off Kandy in the central hills.
The company also manages two hotels in Vietnam and Laos.
The report said the group now owns or manages 530 rooms across the country. Officials said over the next two years, Jetwing planned to add 500 more rooms.
It was planning to build a 1.5 billion rupees 98-room to replace Yala Safari Lodge destroyed during a 2004 tsunami.
The group is planning properties in the East where a 30-year war ended two years ago.
"We are really excited about the East and we want to build in Trincomalee, Arugam Bay and Pasikudah," Cooray said.
"We think there is lot of potential in the East."
Sri Lanka's Jetwing plans Rs5bn equity raising: report
It is looking at building a 750 million rupees resort in Pasikudah in the Eastern coast.
"We are looking at 50 rooms in the first phase and another 30 in the second," managing director of Jetwing Hotels, Ruwan Samarasinghe said.
The group had earlier said it wanted to build a 60-room hotel in Jaffna, in the north.
Jetwing says an 80 room four star hotel is on the cards for Dambulla in central Sri Lanka, which will cost 800 million rupees to build.
Tourist arrivals rose 46 percent in 2010 and the five months up to May arrivals have increased 40 percent to 328,000 from a year earlier.
"The private placement will be concluded this year,’’ Jetwing Chairman Hiran Cooray was quoted as saying in The Sunday Island newspaper.
"The IPO will follow. We’re already getting inquiries about the private placement."
It has four hotels in Negambo. The former Blue Oceanic Hotel in Negambo which was re-launched as 4-start Jetwing Blue last week after a 850 million rupee upgrade.
It owns and operates Lighthouse hotel in Galle, manages Tangalle Bay and Era Beach (Talpe), owns St. Andrews in Nuwara Eliya and has a boutique hotel, Warwick Gardens, on an estate in Ambewela.
Lighthouse Hotel is planning a 300 million rupee expansion and upgrade.
It also runs Vil Uyana in Sigiriya and Hunas Falls in off Kandy in the central hills.
The company also manages two hotels in Vietnam and Laos.
The report said the group now owns or manages 530 rooms across the country. Officials said over the next two years, Jetwing planned to add 500 more rooms.
It was planning to build a 1.5 billion rupees 98-room to replace Yala Safari Lodge destroyed during a 2004 tsunami.
The group is planning properties in the East where a 30-year war ended two years ago.
"We are really excited about the East and we want to build in Trincomalee, Arugam Bay and Pasikudah," Cooray said.
"We think there is lot of potential in the East."
It is looking at building a 750 million rupees resort in Pasikudah in the Eastern coast.
"We are looking at 50 rooms in the first phase and another 30 in the second," managing director of Jetwing Hotels, Ruwan Samarasinghe said.
The group had earlier said it wanted to build a 60-room hotel in Jaffna, in the north.
Jetwing says an 80 room four star hotel is on the cards for Dambulla in central Sri Lanka, which will cost 800 million rupees to build.
Tourist arrivals rose 46 percent in 2010 and the five months up to May arrivals have increased 40 percent to 328,000 from a year earlier.
"The IPO will follow. We’re already getting inquiries about the private placement."
It has four hotels in Negambo. The former Blue Oceanic Hotel in Negambo which was re-launched as 4-start Jetwing Blue last week after a 850 million rupee upgrade.
It owns and operates Lighthouse hotel in Galle, manages Tangalle Bay and Era Beach (Talpe), owns St. Andrews in Nuwara Eliya and has a boutique hotel, Warwick Gardens, on an estate in Ambewela.
Lighthouse Hotel is planning a 300 million rupee expansion and upgrade.
It also runs Vil Uyana in Sigiriya and Hunas Falls in off Kandy in the central hills.
The company also manages two hotels in Vietnam and Laos.
The report said the group now owns or manages 530 rooms across the country. Officials said over the next two years, Jetwing planned to add 500 more rooms.
It was planning to build a 1.5 billion rupees 98-room to replace Yala Safari Lodge destroyed during a 2004 tsunami.
The group is planning properties in the East where a 30-year war ended two years ago.
"We are really excited about the East and we want to build in Trincomalee, Arugam Bay and Pasikudah," Cooray said.
"We think there is lot of potential in the East."
Sri Lanka's Jetwing plans Rs5bn equity raising: report
It is looking at building a 750 million rupees resort in Pasikudah in the Eastern coast.
"We are looking at 50 rooms in the first phase and another 30 in the second," managing director of Jetwing Hotels, Ruwan Samarasinghe said.
The group had earlier said it wanted to build a 60-room hotel in Jaffna, in the north.
Jetwing says an 80 room four star hotel is on the cards for Dambulla in central Sri Lanka, which will cost 800 million rupees to build.
Tourist arrivals rose 46 percent in 2010 and the five months up to May arrivals have increased 40 percent to 328,000 from a year earlier.
"The private placement will be concluded this year,’’ Jetwing Chairman Hiran Cooray was quoted as saying in The Sunday Island newspaper.
"The IPO will follow. We’re already getting inquiries about the private placement."
It has four hotels in Negambo. The former Blue Oceanic Hotel in Negambo which was re-launched as 4-start Jetwing Blue last week after a 850 million rupee upgrade.
It owns and operates Lighthouse hotel in Galle, manages Tangalle Bay and Era Beach (Talpe), owns St. Andrews in Nuwara Eliya and has a boutique hotel, Warwick Gardens, on an estate in Ambewela.
Lighthouse Hotel is planning a 300 million rupee expansion and upgrade.
It also runs Vil Uyana in Sigiriya and Hunas Falls in off Kandy in the central hills.
The company also manages two hotels in Vietnam and Laos.
The report said the group now owns or manages 530 rooms across the country. Officials said over the next two years, Jetwing planned to add 500 more rooms.
It was planning to build a 1.5 billion rupees 98-room to replace Yala Safari Lodge destroyed during a 2004 tsunami.
The group is planning properties in the East where a 30-year war ended two years ago.
"We are really excited about the East and we want to build in Trincomalee, Arugam Bay and Pasikudah," Cooray said.
"We think there is lot of potential in the East."
It is looking at building a 750 million rupees resort in Pasikudah in the Eastern coast.
"We are looking at 50 rooms in the first phase and another 30 in the second," managing director of Jetwing Hotels, Ruwan Samarasinghe said.
The group had earlier said it wanted to build a 60-room hotel in Jaffna, in the north.
Jetwing says an 80 room four star hotel is on the cards for Dambulla in central Sri Lanka, which will cost 800 million rupees to build.
Tourist arrivals rose 46 percent in 2010 and the five months up to May arrivals have increased 40 percent to 328,000 from a year earlier.
