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John Keells eyes new hotel properties in Maldives, bookings down in Trinco

May 05 (LBO) - John Keells Holdings eyes the Maldives for hotel expansion as city hotels see a slight drop in bookings and its resort on the East coast suffers from current political instability.

We have seen a slight drop in bookings in our city hotels, but the effect on our resort hotels is minimal.

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Our hotel in Trincomalee (Club Oceanic) has been quite heavily affected, Jayantissa Kehelpannala, Chief Executive Officer of Chaaya Hotels and Resorts, told LBO on Thursday.
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A fresh wave of violence between Tamil Tiger rebels and the Sri Lankan government broke out in the North and East including Trincomalee, over the past few weeks.

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The diversified blue-chip has two city hotels in Colombo that brings in business traffic and 11 resort properties in Sri Lanka and the Maldives. Further growth in Maldives is on the cards.

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We are looking at increasing our exposure in the Maldives.

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We have a property that is under construction and are looking at starting in December this year, Kehelpannala said.

John Keells Hotels is also in talks to buy up another resort property in the Maldives, tipped to be the Dhon Veli beach and spa.

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We are still negotiating, we have not signed
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