Wed, 08 Dec 2021 Today's Paper

Hemas-Thai based Minor group in US $ 70mn hotel project

10 June 2013 04:57 am - 0     - {{hitsCtrl.values.hits}}


Sri Lanka's Hemas Holdings PLC, a family run conglomerate with a strong presence in FMCG and healthcare sectors has embarked on to develop 3 new hotel properties in partnership with Thai based Minor Group, a top official of the firm said.

Hemas Holdigns Chief Executive Husein Esufally told shareholders that the 3 properties located in Southern Sri Lanka—Tangalle, Kalutara and Ambalangoda— will be developed at a cost of US $ 70 million and branded under Avani and Anantara brands of Minor Group.

Hemas’ portfolio of hotel properties includes Club Hotel Dolphin,Hotel Sigiriya, Avani Bentota Resort and Spa and Avani Kalutara Resort and has a room strength of 410. Hemas is the only Sri Lankan hotel chain that manages an international brand.

Hemas’ leisure sector generated revenue of Rs.1.84 billion in the FY12/13 and a net profit of Rs.233 million, up from Rs.59 million in FY11/12.

  Comments - 0

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

A Sri Lankan giving dignified burials to unclaimed bodies for five decades

After their death, most people are memorialized at a service, surrounded by g

Focus on Laggala Gem mining big shots bigger than the law

The truth is now being uncovered regarding an illegal mining racket in state

How and why the TNA was formed twenty years ago

The Tamil National Alliance (TNA) is now twenty years of age. The premier pol

India lays emphasis on culture diplomacy with Sri Lanka

Indian Prime Minister Narendra Modi wanted to inaugurate the Kushinagar Inter