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On 30 April 2024, John Keells Holdings announced that the company is partnering with Melco Resorts & Entertainment to operate the gaming facility of Cinnamon Life under a Melco's subsidiary. Melco will invest US$125 million to furnish the gaming space. As part of the agreement, the resort will be rebranded as City of Dreams Sri Lanka. [17]
Subsequently, all resorts in the hotel were relaunched under the Chaaya brand. The rebranding of the resorts in the chain for the second under Cinnamon Hotels & Resorts was completed in 2015. The company's performances were affected by the 2019 Sri Lanka Easter bombings. John Keells Hotels is one of the LMD 100 companies in Sri Lanka. The ...
The first integrated resort in Sri Lanka [37] and the largest private investment in the country. It is planned to open in the third quarter of 2024. [38] Cinnamon Red Colombo. Colombo 2014 Cinnamon Hotels & Resorts: Capitol Hotel Holdings, a joint venture of Sanken, John Keells Holdings, and a Singaporean firm 243 Sri Lanka's first 'lean luxury ...
Cinnamon Lakeside Colombo, trading as Trans Asia Hotels PLC, is a five-star luxury hotel located in Colombo, Sri Lanka. The hotel is listed on the Colombo Stock Exchange and John Keells Holdings owns a stake of 92% of the company's shares, 48% directly and 43% through its subsidiary Asian Hotels and Properties PLC. Cinnamon Lakeside Colombo has ...
Aitken Spence Hotel Holdings is an LMD 100 company. LMD 100 ranks listed companies in Sri Lanka by revenue annually. In the 2020/21 edition published in 2022, Aitken Spence Hotel Holdings ranked 91st down from 55th rank in the previous year due to a 70% revenue decline. [14]
The hotel and Hunasgiriya Estate were taken over by the Government of Sri Lanka in 1976 from Colombo Commercial Company. [3] Hunas Falls Hotel was privatized in 1991 for LKR12 million. Corporate investors allotted 60% of the stake of shares, while the public issue of shares was 30%. [4] A Hayleys-Jetwing joint venture acquired the majority of ...
The brand manages 15 four-star and five-star hotels across Sri Lanka and the Maldives. These hotels collectively exceed the room capacity of over 1,400. [2] BOI signed an agreement worth US$29.3 with Indra Hotels and Resorts Kandy, a joint venture by Indra Traders and John Keells Hotels to build a 160-room hotel in Kandy. The project is ...
Thalsevana Holiday Resort is a holiday resort on the northern coast of Sri Lanka near the town of Kankesanthurai. Formerly Kankesanthurai Rest House, it was taken over by the Sri Lankan military during the civil war. After the civil war the military renovated the buildings and turned them into a holiday resort.
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