Home / / Berthold & Kotthoff brokers acquisition of Galle Fort Hotel

Berthold & Kotthoff brokers acquisition of Galle Fort Hotel


Comments / 1949 Views / Tuesday, 13 December 2011 00:25


Berthold & Kotthoff Associates recently announced that the company has successfully brokered the acquisition of 100 percent of the issued capital of the historic Galle Fort Hotel in Sri Lanka.



The buyer, Colombo Fort Hotels, a subsidiary of publicly listed group Lankem Ceylon PLC, purchased full control of the hotel for a total consideration of US$ 7.0 million (Rs 772 million).

“We are very pleased to have been instrumental in the execution of this acquisition. Lankem Ceylon PLC and its subsidiaries are valued partners to us and we look forward to further assisting the group in expanding their hotel division,” Berthold & Kotthoff’s Managing Partner Sahan Kulathunga noted.

Galle Fort Hotel is an award winning boutique hotel in the UNESCO World Heritage Site of Galle Fort in

Southern Sri Lanka. It is the winner of ‘Sri Lanka’s Leading Boutique Hotel’ Award in the 2010 World Travel Awards and the 2007 UNESCO Asia Pacific Award of Distinction for Heritage Conservation, the highest award ever given to the country. It has an international reputation for its minimalist and heritage inspired design, boutique service and its food. Designed by Channa Daswatte, it is featured in numerous design books and magazines as an iconic Sri Lankan hotel and is the benchmark for the conservation and adaptation of Galle Fort buildings.

Lankem Ceylon PLC is a Sri Lanka-based company whose principal activity is manufacturing of chemicals, paints and consumer products. The Company operates with seven business segments: chemicals, consumer products, hardware, construction, hotels, plantations, and agriculture. As of March 31, 2011, the Company had 17 subsidiaries, including Lankem Developments PLC, Sigiriya Village Hotels PLC, Marawila Resorts PLC, Colombo Fort Hotels Ltd. and Lankem Plantation Holdings Ltd.

Berthold & Kotthoff Associates Pvt Ltd is an investment advisory, property brokerage and project development consultancy firm with offices in Male’, Maldives and Colombo, Sri Lanka. Our executive leadership and senior managers are armed with decades of experience in hospitality management, hotel development, finance and investment advisory and develop client relationships based on quality service, reliability, transparency and trust.


Share This Article


COMMENTS

Today's Columnists

MS and the Managed Spectacle

1 September 2016

WHEN TROUBLES COME – an under-siege chief executive is fast discovering that the singular joy of being the Democratic-Republican project’s cherished common candidate is easily undermined by dint of being the Joint Opposition&r...


Time to reengineer management education?

1 September 2016

There is growing evidence of graduate/postgraduate students (particularly in management streams) ‘out-sourcing’ their academic assignments. There are now small KPOs offering such services! To an employer, this raises major con...


Science and Technology for Society: The Colombo Gathering

1 September 2016

In 2015 the STS Forum in Japan witnessed the presence of Prime Minister Ranil Wickremesinghe     It is quite rare that we have big scientific forums in Sri Lanka. Even though we speak of MICE tourism, Sri...


The sacred and profane at crossroads

31 August 2016

 Listening to President Maithripala Sirisena at the Matara rally threating to reveal secrets of the Joint Opposition, instinctively I recalled this exquisitely emblematic confluence of the benign and the bawdy that Steinbeck describes in his ...


Columnists More