Sri Lanka, Thai hotel venture to build beach property

The ousted Sri Lankan Prime Minister Ranil Wickremesinghe is seen during a press conference after a special parliamentary session at the Parliamentary complex, Colombo, Sri Lanka on 14 November 2018. Following a stay order issued by the Sri Lankan Supreme Court effective till 07 December 2018, Sri Lankan Parliament was reconvened on 14. Sri Lanka's Supreme Court on Tuesday (Nov 13) overruled President Maithripala Sirisena's dissolution of Parliament and ordered a halt to preparations for snap elections next year. (Photo by Tharaka Basnayaka/NurPhoto via Getty Images)

Nov 25, 2011 (LBO) – Thailand’s Minor International is to build a 160-room beach hotel on Sri Lanka’s south-west coast in a partnership with the island’s Hemas Holdings group at a cost of 25 million US dollars. Abbas Esufally, group director of Hemas Holdings, said Minor group which operates hotels under the Avani and Anantara brands was the first international hotel chain to enter the island after the end of its war.

The island has witnessed a tourism boom after the 30-year ethnic war ended in 2009, with arrivals up to Thursday hitting 750,000, the original annual target for 2011, up more than 20 percent from last year.

The tourism authorities have now raised the annual target for this year to 800,000 visitors. Minor International chief executive Dilip Rajakarier said the group is working with Serendib Leisure on hotel ventures.

The new hotel planned to be built in 2013 will be next to an existing property, the Kani Lanka, in Kalutara, he told, our sister news website.

The hotel will be built on 10 acres of land next to Kani Lanka in which Minor has an 80 percent stake and Serendib Leisure, the hotel arm of the Hemas group, has 20 percent.

“The new hotel will be opened in