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Sri Lanka's Kandy Hotels in Rs1.5bn refurbishment
28 Feb, 2013 07:27:55
Feb 28. 2013 (LBO) - Kandy Hotels Co (1938) Plc, which controls two hotels in Sri Lanka's central hill city of Kandy said it will start a 1.5 billion rupee refurbishment of the properties with the help of a Singapore based architectural firm.
The firm said Hotel Suisse' and Kandy's Queens Hotel, which dates back to Sri Lanka's British Colonial period will be refurbished according to a plan devised by Ong and Ong of Singapore.

Also involved will be Richard Helfer of RCH International who was a former chief executive of Singapore's Raffles International, the firm said in a stock exchange filing.

The firm said it had already started a 120 room project behind Hotel Suisse with Sino Lanka Hotel Holding (Pvt) Ltd, which will be completed by 2014.

In a project that started in 2010, Queen's Hotels rooms had been increased to 77 from 54 with air conditioning, the firm said.

Corrected. Year of completion 2014
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1. aney apoi Mar 01
What's their ROI? SL construction costs are so high that there is not enough return for any of these hotels...they cant bring down tourists to SL for the season or for the perahera and expect to break even