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John Keells Hotels manages a portfolio of holdings that consists of hotel businesses, which collectively form the John Keells Hotels Group. [7] Asian Hotels and Properties PLC, a sister company of John Keells Hotels, operates Cinnamon Grand Hotel and Crescat Boulevard shopping mall and high-end apartments while Trans-Asia Hotels PLC, a subsidiary of Asian Hotels and Properties, manages ...
John Keells Hotels signed an agreement with Indra Traders to build a 160-room three-star hotel which will be called Cinnamon Red Kandy. The US$29.32 million project got the approval of the Board of Investment of Sri Lanka. [17] John Keells Hotels is one of the LMD 100 companies in Sri Lanka. The company returned to the list in 2022 after ...
The Cinnamon Grand Colombo, trading as Asian Hotels and Properties PLC and formerly called the Hotel Lanka Oberoi, [3] is a luxury five-star hotel in Colombo, Sri Lanka. [4] The Cinnamon Grand is located at 77 Galle Road, Kollupitiya , Colombo.
Cinnamon Life construction site (left) in September 2018. Cecil Balmond is the architect of the project while Hyundai Engineering & Construction is the main contractor. . Waterfront Properties (Pvt) Ltd, a subsidiary of John Keells Holdings, will manage the property which will be of 4.5 million square feet (0.42 × 10 ^ 6 m 2) total floor
That opportunity finally came in the 2000s, when the hotel’s two owners decided to sell. In 2016, Sio completed a seven-year acquisition process and officially became the new owner of the hotel.
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.
Oct. 24—The owner of four Albert Lea hotels and motels has been charged with 10 counts of lodging tax violations from November 2023 through March 2024. Mohamed Elkhateeb, 54, of Minneapolis, is ...
Billionaire Robert Ng Chee Siong said his hotels saw their occupancy rates fall to as low as a third as Hong Kong's hotel industry was hit by a huge drop in tourist arrivals amid the outbreak of ...