Sri Lanka’s Jetwing managed hotel opens in Laos

Dec 17, 2011 (LBO) – Xiengthong Palace, a hotel in Luang Prabang, Laos, managed by Jetwing a Sri Lanka based group has officially opened targeting luxury travel, a media report said. The Island newspaper said the hotel, which had a soft opening in October and its architecture conformed to the style of the ancient city, a former capital of Laos.

The hotel is near Wat Xiengthong, a Buddhist monastery and the temple of the last royal family, the report said.

The report quoted Hiran Cooray head of Sri Lanka’s Jetwing group and director of Jetwing Indochina as saying that with Luang Prabang becoming a sought after destination high quality accommodation was needed.

The hotel had cost 45 million US dollars to build.

The newspaper quoted Tran Trong Kien, head of Vietnam’s Thien Minh leisure group as saying that the decision to build in Laos was based on the steady economic growth in recent years and high potential for tourism.

Jetwing Indochina is connected to another Thien Minh affiliate, Buffalo Tours.

In February the group acquired EEM Victoria Hong Kong in a 45 million US dollar deal backed by the International Finance Corporation which has five prop