The agreement will give Starwood the management rights to five-star Sheraton Kosgoda Turtle Beach Resort, owned by Browns Hotels and Resorts.
Present at the signing were Ishara Nanayakkara, Executive Chairman, Brown & Company PLC; Kamantha Amarasekera, Director, Browns Investments PLC and Dilip Puri, Managing Director - India and Regional Vice President - South Asia, Starwood Hotels and Resorts.
Set to open next year, the 172 room hotel is set along picturesque Kosgoda, located on the Southern Coast of Sri Lanka.
“We believe Sri Lanka has the potential to become a preferred tourist destination for the high-end leisure traveler and are very excited to partner with Browns Hotels and Resorts to grow the Sheraton brand in this exotic location,” said Dilip Puri, Managing Director - India and Regional Vice President - South Asia, Starwood Hotels and Resorts.
“We are more than pleased to be working with Starwood Hotels and Resorts on this property. Sheraton Kosgoda Turtle Beach Resort will add to Browns Hotels and Resorts’ already growing portfolio of luxurious properties in Sri Lanka.
Our presence in the leisure sector is steadily growing and will soon lead us to be one of the largest hotel operators in Sri Lanka,” commented Rimoe Saldin, Managing Director/ Chief Executive Officer, Browns Investments PLC.
The designing of the hotel has been handled by a reputed architectural firm in Thailand and construction by Sierra Construction Limited; it follows an eco-friendly concept modeled against energy saving and organic initiatives.
Adjacent to a turtle hatchery, the resort will feature all its rooms with a beautiful view of the ocean, and will be equipped with the latest features.
Browns Hotels and Resorts is owned by Browns Investments, which is a subsidiary of Brown & Company PLC. Its ultimate parent company is Lanka ORIX Leasing Company (LOLC).
Browns Hotels and Resorts’ properties currently in operation include: Eden Resort & Spa, Dickwella Resort & Spa and Green Paradise.
Green Paradise is located amongst the lush jungles of Dambulla while Eden and Dickwella are stretched along the Southern coastline.
The Company also has exciting new plans on the horizon, with new properties planned for in Beruwela, Pasikuda and the Maldives.
Photo Caption :
1: Ishara Nanayakkara, Executive Chairman, Brown & Company PLC [right] exchanging the agreement with Dilip Puri, Managing Director - India and Regional Vice President - South Asia, Starwood Hotels and Resorts [left]
2: L-R: Nikhil Manchharam, Vice President – Acquisitions & Development, Starwood Hotels and Resorts; Dilip Puri, Managing Director - India and Regional Vice President - South Asia, Starwood Hotels and Resorts; Ishara Nanayakkara, Executive Chairman, Brown & Company PLC; Kamantha Amarasekera, Director, Browns Investments PLC.
