Aug 11, 2015 (LBO) – Sri Lanka’s diversified conglomerate Aitken Spence recently disclosed their future plans with regard to one of their core segments, the tourism sector.
Aitken Spence has several large resort construction projects taking place in Negombo, Kalutara and Ahungalla that are expected to add around 750 rooms to the sector.
Aitken Spence Deputy Chairman and Managing Director J M S Brito said the construction of the Heritance Negombo and the expansion of The Sands in Kalutara are expected to be completed within the financial year, despite delays.
“The construction of the RIU Hotel in Ahungalla is also expected to be completed in the winter of 2016,”
“Turyaa Chennai, the 143-room city property is awaiting a few regulatory licenses to commence commercial operations.” Brito further said.
Aitken Spence Hotel Managements (South India) purchased the five star hotel in Chennai for 25 million US dollars last year.
The tourism sector of the Aitken Spence reported 337 million rupees of profits for the June 2015 quarter, recording a revenue of 3.5 billion rupees.
The sector reported 3.6 billion rupees of profits for the 2014 Apr – Mar year while recording a revenue of 17.8 billion rupees for the whole year.