Sri Lanka’s Aitken Spence in resort with Spain’s RIU

Nov 05, 2013 (LBO) – Sri Lanka’s Aitken Spence group said it is building a 100 million US dollar 500-roomed luxury hotel with RIU Hotels, a Spanish chain as a partner. Aitken Spence deputy chairman Rajan Brito said the hotel will be completed when an expressway in the south of the island is extended to Hambantota enabling Mattala airport to be connected.

Spain’s RIU, which will be managing partner has 107 properties in 16 countries and this will be its first venture to the Asia Pacific region.

Update II The hotel in Ahungalle will have a business model of getting 200-300 long-stay guests who will arrive in Boeing Dreamliner charter flights, the firm said in a stock exchange filing.