Sri Lanka’s Browns Hotels and Resorts keen to successfully complete its expansion ventures in the Maldives - Opportunity Sri Lanka
Sri Lanka’s Browns Hotels and Resorts keen to successfully complete its expansion ventures in the Maldives

Sri Lanka’s Browns Hotels and Resorts keen to successfully complete its expansion ventures in the Maldives

Browns Hotels and Resorts of Sri Lanka, which is owned by Browns Investments PLC, has reportedly stated in the Browns Investments’ latest annual review that the company is keen on competing its expansion projects in the Maldives.
Browns Investments Group is controlled by the LOLC Group.
“We are also pleased to report the success of our ventures overseas, namely to the Maldives. Nasandhura Maldives is planned to be a luxury city hotel with 150 rooms, 150 apartments and a sophisticated retail mall, and this project is now nearing completion” the report has stated.
According to reports, the company has stated that this is a flagship property and they have every confidence that once completed, it will become an iconic development in Male city.
Another project in progress on the island of Bodhufarufinolhu, is in the Raa Atoll, Maldives.
The company has reportedly stated that the resort is planned to feature a choice of four villa categories and thus will be very different to other Maldivian properties, offering world-class resort features and accommodation to every guest.
“We are also in the process of constructing two luxury resorts near the Maamigili Domestic airport, on the island of Bodufarufinolhu in the South Ari Atoll. The resorts each have 100 rooms and are located on adjoining islands of around five hectares each, in an environmentally protected zone” the report has further highlighted in its review.
Meanwhile, the company has noted that amidst Sri Lanka’s tourism and leisure sector’s excellent performance and the number of tourist arrivals to the country continues to break records as it has done every year for the last four years.
The company’s four properties in operation had witnessed increase in occupancy during the year, whilst Samudra Beach Resorts construction is nearing completion.
Browns Investments PLC (BI) owns six leisure properties in Sri Lanka, namely Eden Resort and Spa, a five star property; the Samudra Beach Resort and Riverina Resort which are under construction, located further down the coast; The Dickwella Resort and Spa and the Calm Resort and Spa located in the deep-south and east coast respectively, and The Paradise Resort and Spa located in Dambulla.

OSL take:

The expansion of Browns Resort and Spa into the Maldives is an indication of the growing strength of local companies. It shows the space for growth provided for the private sector in Sri Lanka. Foreign companies/investors could look at forming partnerships with local business entities and be part of the expansion programmes. On the other hand, the expansion of the local company mentioned in the story above is mainly due to its success in the tourism sector in Sri Lanka. Therefore, foreign investors could explore business opportunities in Sri Lanka’s tourism sector.

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Article Code : VBS/AT/10092018/Z_3

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