Tue, 29 Nov 2022 Today's Paper

Aitken Spence negotiating deal with Spanish hotel chain for Ahungalla property

27 September 2013 04:41 am - 0     - {{hitsCtrl.values.hits}}

A A A

Aitken Spence is currently in negotiations with family-owned Spanish hotel chain, RIU Hotels and Resorts in connection with the construction of a new resort hotel in Ahungalla.

Sources close to the deal told Mirror Business that no concrete steps have been taken as negotiations are still in the preliminary stages.

Prior to the involvement of RIU, Aitken Spence had entered into a 50:50 joint venture with international luxury brand, Six Senses Resorts and Spas, for the development of a hotel on the same property.

The project was estimated at the time of its announcement in October 2010 to require an investment of approximately US $ 40 million, encompassing 10.5 acres of beach fronted land.

Aitken Spence already operates one property in the area, namely: Heritance Ahungalla.

The deal subsequently fell through following the sale of Six Senses to an American private equity firm, Pegasus Capital Advisors, in April 2012.

Founded in 1953 by the RIU family as a small holiday firm, the company is presently owned by the family’s third-generation and maintains over 100 hotels across 19 countries including: Spain, Portugal, Costa Rica, Mexico, the Bahamas, Turkey, Cape Verde, Germany, Jamaica, Morocco, Panama, Tunisia, the United States of America and Cuba.

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

  Comments - 0

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Downfall and death of LTTE’s Mahathaya

The Liberation Tigers of Tamil Eelam (LTTE) ceased to exist as a functioning

Rishi Sunak; why SL did not have a Tamil or Muslim as President?

Britain now has a British Asian, Hindu Prime Minister, though Rishi Sunak is

How and why MGR launched ADMK 50 years ago

17 October 1972 was a Tuesday. Fifty years ago on that auspicious day, a new

Amitabh Bachchan: Evergreen Emperor of Hindi cinema turns 80

Well-known Hindi film actor Amitabh Bachchan celebrated his eightieth birthda