Asia Capital invests over Rs 4 b in four hotels | Daily News Online

September 15, 2014 2:54 PM

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Asia Capital Group would spend over Rs 4 billion in four hotels within a span of three years, said Stefan Abeyesinhe, Director/CEO Asia Capital Group at the opening of the beach front resort Taprobana Wadduwa on Sunday.

The 27 roomed Rs 1 billion hotel would be managed by Asia Leisure, a subsidiary of the Asia Capital Group and is a 75 - 25 proportion joint venture between Asia Capital Group and Japan Capital (Pvt) Ltd. Taprobana Wadduwa is reachable from both the Southern Expressway and the Galle road. Some unique features of the hotel is the open air bar, Japanese food and the Japanese hospitality.

Abeyesinhe said last year December they had opened Shinagawa Beach, Balapitiya with an investment of Rs 1 billion and in 2015 December plan to open a same sized property in Kosgoda under the same brand Taprobana with 30 rooms very close to Shinagawa Hotel with an investment close to Rs 1 billion. In 2016 the company plans to open the Galle property, a large project with 100 rooms next to the Light House Hotel with an investment of Rs 2 billion.

Japanese Ambassador to Sri Lanka Nobuhito Hobo speaking at the event said tourist arrivals from Japan to Sri Lanka in the first half of this year has doubled and that was very encouraging. “This hotel has opened a new avenue to the tourist industry in Sri Lanka,” he said.

Taprobana is set to use distinctive Asian influences and based on a 'home away from home' concept providing stylish comfortable accommodation for guests incisive to experience Lanka's beauteous beaches and hospitality. With the involvement of Japan Capital (Pvt) Ltd many advanced technologies too would be brought into Sri Lanka and marketed competitively to the high end Japanese and European markets.


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