Hemas Holdings invests over US$ 100 mn in two hotel projects


By Hiran H. Senewiratne

Sri Lanka’s diversified conglomerate Hemas Holdings, in partnership with the Minor Hotel Group of Thailand, will be investing in two hotel projects to the tune of US $ 100 million by introducing the leading hospitality brand ‘Anantara’ to Sri Lanka.

With the soft opening of its first luxury property, Anantara Peace Haven Tangalle Resort, and the official launch in early 2016 of Kalutara Resort, the total investment would be more than US$ 100 million, Director- Hemas Group Abbas Esufally said.

"With the opening of Tangalle Resort we are expecting to invest in another hotel in Kalutara, which would be a game change in the hotel and tourism industry in Sri Lanka, Esufally said at the soft launch of the new hotel at Cinnamon Lakeside Colombo.

Tangalle Resort consists of 120 rooms and 32 stand-alone pool villas, six restaurant and bar venues, an exclusive Anantara spa, a 35-meter swimming pool, fully equipped cardio-gym, tennis and badminton courts.

The total cost of the resort project is approximately US$ 50 million. This has been funded by a combination of equity from the shareholders, Hemas Holdings and Minor Hotel Group, and borrowings, the company said.

Kalutara Resort, the only one of its kind in the area, is bordered by the Indian Ocean on one side and the Kalu Ganga on the other. One of the primary attractions of the resort is its accessible coastal location, only 40km south of Colombo, just over an hour’s drive, company sources said.

"The historic town of Kalutara charms travellers with its culture and tropical nature and guests can look forward to basking on a pristine golden beach, swimming in the warm Indian Ocean and discovering new passions with a wide range of water sports and sea adventures, sources added.

Serendib Leisure Management Ltd, the leisure arm of Hemas Holdings, manages Hotel Sigiriya and Club Hotel Dolphin and the internationally branded hotels AVANI Bentota Resort & Spa and AVANI Kalutara Resort.

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