John Keells Holdings (JKH), Sri Lanka's biggest hotel operator with properties also in the Maldives, says construction of its 200-room Chaaya Bey resort at Beruwala in southern Sri Lanka will be ready for opening by May 2012.
In its annual report for the year ending March 31, 2011 released recently, the company said during the completed year it sold the Cinnamon Island, Alidhoo in the Maldives and acquired (on lease) the Chaaya Island, Dhonveli also in the Maldives.
It said the former Coral Gardens, Hikkaduwa - after refurbishment - will be re-launched as Chaaya Tranz in November 2011. The Yala Village, a hotel in a wild life park in the south which was closed in May 2011 for expansion and refurbishment, will be launched as Chaaya Wild in November 2011.
The refurbishment of 216 rooms of the 5-star Cinnamon Lakeside in Colombo is expected to be completed by September 2011, the company said. "Given the positive outlook for tourism, we expect to make substantial investments in the leisure industry in Sri Lanka," company chairman Susantha Ratnayake said. With Sri Lanka expecting a surge in tourist arrivals with the end of the conflict (in May 2009), Mr Ratnayake said their leisure sector is working with its property group in exploring the economic feasibility of creating multi-functional, integrated developments.
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