John Keells Hotels said Friday that it bought an 80 percent stake in hotel operator Yala Village (Pvt) Ltd for Rs. 275 million. John Keells Hotels said Friday that it bought an 80 percent stake in hotel operator Yala Village (Pvt) Ltd for Rs. 275 million. Yala Village is a 62 chalet eco-hotel, which borders a wildlife sanctuary famous for leopards and birds.
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“The acquisition adds greater diversity to our portfolio of resort hotels with its unique destination, its rated rooms and the growing demand for eco and nature travel,” the firm said.
John Keells Hotels, the 89 percent owned resort hotel operator of conglomerate John Keells Holdings. The firm is presently Sri Lanka’s largest hotel operator commanding over 1400 rooms spread over 13 hotels, including the Maldives.
Besides tourism, John Keells Holdings has interest in financial services, transport, IT, plantations, property development and food and beverage.
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