Indian Hotels Company Ltd. signs 220-key Taj Weligama project
Daily FT: The Indian Hotels Company Ltd., (IHCL) has signed an agreement to develop a 220-key Taj-branded hotel in Weligama, expanding its presence in Sri Lanka’s southern coastal belt. The greenfield project will comprise 220 keys, including 80 luxury apartments.
IHCL Managing Director and Chief Executive Officer Puneet Chhatwal said Weligama was emerging as a prominent coastal destination, supported by growth in surfing, wellness, and nature-led tourism. He said the development would reinforce the Taj brand’s footprint in Sri Lanka and confirmed a partnership with Beryll Group.
The beachfront property, located in the Southern Province, will overlook the Indian Ocean. Planned facilities include an all-day dining restaurant, two specialty restaurants, a beach bar and grill, a lounge, and a deli. The resort will also feature a J Wellness Circle spa, gymnasium, swimming pool, children’s play area, and entertainment zone.
Event infrastructure is expected to include a banquet hall and convention space spanning over 9,000 square feet, along with meeting rooms and landscaped lawns.
Beryll Group Director Vishal Agarwal said the collaboration with IHCL would support the development of a coastal resort aligned with the area’s natural setting while meeting international hospitality standards. He said the project reflected the group’s long-term investment commitment to Sri Lanka.
OSL take:
The news of plans to expand India’s Taj Hotels to Sri Lanka’s southern coastal town of Weligama is further indication of the country’s expanding tourism industry and its growing business potential. The steadily growing tourism industry in Sri Lanka is sure to witness a further growth with the country being identified as a must visit tourist destination while local tourism authorities continue to promote the country in key foreign tourist source markets through attractive new tourism concepts. All these factors have resulted in the expansion of Sri Lanka’s tourism industry and thereby presenting a host of new business/investment opportunities in the industry and related sectors. The growth in Sri Lanka’s tourism industry has attracted the attention of leading international leisure and hospitality brands to enter the industry. Given all these developments, foreign businesses/investors could confidently explore the expanding business/investment opportunities in Sri Lanka’s tourism industry and related sectors. Also, the expanding tourism industry has also opened business opportunities in other economic sectors linked to tourism like airport and aviation industry as well as several others.
| Article Code : | VBS/AT/20260216/Z_1 |