Sep 30, 2014 (LBO) – Sri Lanka’s Lanka Orix Leasing Company Leisure, a hotel company rebranded as Brown Hotels and Resorts, Brown Investment PLC said in a media release. LOLC will continue to be the holding company for the Browns group, the company said in the media release.
LOLC Leisure is the controlling shareholder of 5 hotels including three adjacent hotels which were bought in 2010.
The company’s current portfolio holds 308 keys, with plans to increase it to around one thousand within the next few years.
The firm is building a 71-room four star hotel in Passikudah in the North West coast which is scheduled to be opened later this year, the company said in the media release.
This is an exciting year for us, with our current properties being upgraded to suit the demands of the modern tourist, Adrian Jansz, Head of Sales & Marketing of Browns Hotels and Resorts said.
Our current portfolio includes a number of landmark properties, with the promise of more exquisite properties earmarked,
The changes taking effect have made us step back and re-evaluate our offerings, and has led us to draw parallel