Browns Investments PLC has acquired a 51% stake in Green Paradise, the newly-built luxury hotel in Dambulla, for Rs. 500 m. Built by an Italian group on a 14-acre block, the eco-friendly luxury had been in operation since June 2012.
Green Paradise has 67 luxury eco-villas comprising 40 superior duplex, 10 garden suites, and 17 deluxe rooms. The spacious superior duplex rooms are ideal for guests who love extra space, with the living room on first floor and bedrooms downstairs. They are equipped with all facilities for a comfortable stay.
Offering complete privacy and secluded luxury, the garden suites are semi-detached units consisting of two suites per unit, all with interconnecting doors, ideal for large families or groups who wish to have their own private space.
The deluxe rooms are about 35sqm furnished with queen size bed, teak furniture’s, shower with private bathroom, television, air conditioning, mini bar, safe box, tea and coffee facilities and private veranda.
The main building of the hotel with a total floor area of 38,000 sq ft. over three floors comprises two restaurants with excellent cuisine – Orchid, where breakfast, lunch and dinner are served, and Salt & Pepper, which is opened from noon until evening for snacks and light meals and thereafter for dinner.
While the Blue Elephant bar presents various cocktails, the large swimming pool features the Pizzeria Al Forno bar located by the poolside, where visitors can enjoy traditionally-prepared pizza.
Green Paradise is also equipped with a modern gym, spa centre, a shopping arcade, Wi-Fi and internet connectivity, sports area which includes a large sports ground where even cricket matches can be played, supports agro-eco life by cultivating fruits and vegetables within the resort, night entertainment with light music programs, weekly fashion shows and traditional cultural programs.
The hotel is close to the Kandalama Tank, the Cultural Triangle, the Dambulla rock temple and other cave temples in the vicinity, Sigiriya rock fortress and the ancient cities of Anuradhapura and Polonnaruwa, while it is also a gateway to the east coast beaches. Visitors can tour Dambulla and enjoy scenic beauty amidst a multitude of attractions and return for luxury relaxation at Green Paradise.
Browns Investments PLC, a subsidiary of Brown & Co PLC, is a member of the LOLC Group. It has significant investments in the leisure sector including a 30% stake in LOLC Leisure. LOLC Leisure operates Dickwella Resorts & Spa and Eden Resort & Spa. It also owns the former properties of Riverina, Club Palm Garden and Tropical Villas. Plans are underway to build a 400-roomed luxury hotel on this property.
In addition to these properties, Browns Investments PLC is building a luxury hotel in Kosgoda. It is envisaged that this hotel would be managed by an international hotel chain.
Browns Investments Director/CEO Rimoe Saldin stated: “The leisure sector is key to Browns Investment’s investment strategy. The acquisition of Green Paradise adds exceptional value to our portfolio”.
Browns Investments has spread its wings to cover leisure, entertainment, plantations, agri-business, construction and manufacturing industries. Aggressive investments have been made during the past few years after careful analysis and stabilising in the vested sectors to provide stakeholders exceptional returns.