Spence shows the way!

Wednesday, 6 November 2013 00:04 - - {{hitsCtrl.values.hits}}

Spearheading the first business model around southern development top blue chip Aitken Spence combines Southern Highway and Mattala Airport for

Rs. 13 b five star luxury resort in Ahungalla with RIU Hotels Spain Aitken Spence PLC said yesterday it will launch the first business model involving the Southern Highway and the Mattala Airport by investing in a US$ 100 million (over Rs. 13 billion) beach resort in Ahungalla to be managed by an international hotel chain.

The five-storey 500-roomed 5-star luxury resort which will be managed by RIU Hotels, Spain, would also be a first for the Spanish chain, being their inaugural project in the Asia Pacific region. “The timing of the hotel’s opening will be right since the Southern Highway to Hambantota is expected to reach completion by then and we have the Mattala Airport facility already in place, giving us the perfect mix for our business model. Aitken Spence has always encouraged infrastructure development in the country and our investment is proof of our confidence and support of the Government’s development plans,” Aitken Spence Deputy Chairman Rajan Brito said. The Aitken Spence management is also of the opinion that the private sector needs to develop business modes of this nature, which are in line with the Government’s vision for the country’s development. The project will also be unique in its concept, since it will introduce charter flights to the country. The hotel, which would cater to high end customers looking for long stay vacations, will arrive on Boeing 787 Dreamliner charters which can carry up to 200-300 passengers at a time. RIU Hotels is an all-inclusive model which has seen international success across 107 properties managed by them in 16 countries. This business model spearheaded by the Group would also have a snowball effect in developing the tourist industry, particularly in the deep south of the country. “This would be a huge boost to the tourism sector as 700-800 guests coming into the country in one go would help in creating international awareness of Sri Lanka as an emerging holiday destination in Asia,” Brito added.

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