Singapore-based Banyan Tree this week terminated a management agreement for the 77-room Deer Park Hotel in Giritalle, which has been managed under the Angsana brand, saying it wants to focus on developing its own projects in the country.
In a statement, the company said that its plans for Sri Lanka involve either single-hotel projects in iconic, pristine areas, or an integrated resort with several hotels, a golf course, residential developments and retail and spa centres.“The model for the envisaged Sri Lanka integrated resort is Banyan Tree’s Laguna Phuket project,” it said.
A delegation headed by Ho Kwon Ping, executive chairman of Banyan Tree, was recently in Sri Lanka to visit possible sites. “We were about to open a beach resort near Colombo when it was destroyed by the Asian tsunami (in 2004),” Mr Ho was quoted as saying. “We are happy to be back and are optimistic about the prospects for this beautiful and now peaceful country.”
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