Sri Lankan firm to manage Indian hotels
Sri Lanka's Aitken Spence and Company has tied up with Indian partners to manage hotels in New Delhi, Kerala and Madurai, an official said.
By PTI |
COLOMBO: Sri Lanka's Aitken Spence and Company has tied up with Indian partners to manage hotels in New Delhi, Kerala and Madurai, an official said.
The bluechip conglomerate said they are taking the management route to enter India, settling for a percentage of sales and operating profits.
Family owned real estate firm Anant Raj has teamed up with Aitken Spence to manage a new 5-star mid sized hotel in New Delhi, Aitken Spence Managing Director Rajan Britto said here.
Currently under construction, the hotel is due to open in December and will have banquet and meeting facilities catering to over 1,500 guests.
A second similar hotel, currently being built, will open next October and managed by Aitken Spence Hotel Management.
In Kerala, Aitken Spence has a joint venture with Floatels India Ltd to build a luxury resort with floating villas and a spa. Sprawled over 15 acres, Aitken Spence hopes to have the resort ready for occupation by 2008.
In Madurai, Aitken Spence is firming up plans to manage an 80 luxury room garden resort. Besides these projects, two other projects in India are under negotiation, Britto said.
The island's second biggest diversified group, Aitken Spence has investments in over 40 units, with power, tourism and cargo handling bringing in most of its revenues followed by tea and rubber plantations, manufacturing and management services.
The bluechip conglomerate said they are taking the management route to enter India, settling for a percentage of sales and operating profits.
Family owned real estate firm Anant Raj has teamed up with Aitken Spence to manage a new 5-star mid sized hotel in New Delhi, Aitken Spence Managing Director Rajan Britto said here.
Currently under construction, the hotel is due to open in December and will have banquet and meeting facilities catering to over 1,500 guests.
A second similar hotel, currently being built, will open next October and managed by Aitken Spence Hotel Management.
In Kerala, Aitken Spence has a joint venture with Floatels India Ltd to build a luxury resort with floating villas and a spa. Sprawled over 15 acres, Aitken Spence hopes to have the resort ready for occupation by 2008.
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In Madurai, Aitken Spence is firming up plans to manage an 80 luxury room garden resort. Besides these projects, two other projects in India are under negotiation, Britto said.
The island's second biggest diversified group, Aitken Spence has investments in over 40 units, with power, tourism and cargo handling bringing in most of its revenues followed by tea and rubber plantations, manufacturing and management services.
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