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Browns Investments expands Leisure Sector – Acquires Serendib Hotels - Adaderana Biz English

Browns Investments expands Leisure Sector – Acquires Serendib Hotels
December, 17, 2020
LOLC Holdings PLC’s strategic Investment arm, Browns Investments PLC (BI), acquired the controlling stake of 55.65% of Serendib Hotel PLC (Serendib) for a consideration of Rs.792Mn. With this acquisition, BI will hold 56.67% of voting shares and 53.48% non-voting shares of Serendib. The investment was made by BI’s subsidiary leisure company, Eden Hotel Lanka PLC.
With this investment, BI will add Club Hotel Dolphin, Hotel Sigirya, Avani Bentota Resort and Lantern Beach Collection, Mirissa along with their management companies to BI’s existing leisure portfolio, The Eden Resort & Spa in Beruwala, The Paradise Resort & Spa in Dambulla, The Calm Resort & Spa in Passikudha and Dickwella Resort & Spa, Sheraton Kosgoda Turtle Beach Resort managed by the Marriott Group and Riverina Resort in Beruwala with 375 keys, which is under construction. ....

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Browns Investments expands leisure sector –acquires Serendib Hotels

LOLC Holdings PLC’s strategic Investment arm, Browns Investments PLC (BI), acquired the controlling stake of 55.65% of Serendib Hotel PLC (Serendib) for a consideration of Rs.792Mn. With this acquisition, BI will hold 56.67% of voting shares and 53.48% non-voting shares of Serendib. The investment was made by BI’s subsidiary leisure company, Eden Hotel Lanka PLC.
With this investment, BI will add Club Hotel Dolphin, Hotel Sigirya, Avani Bentota Resort and Lantern Beach Collection, Mirissa along with their management companies to BI’s existing leisure portfolio, The Eden Resort & Spa in Beruwala, The Paradise Resort & Spa in Dambulla, The Calm Resort & Spa in Passikudha and Dickwella Resort & Spa, Sheraton Kosgoda Turtle Beach Resort managed by the Marriott Group and Riverina Resort in Beruwala with 375 keys, which is under construction. ....

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Sunday Times - Browns Investments acquires Serendib Hotels, expands its leisure sector

Sunday Times - Browns Investments acquires Serendib Hotels, expands its leisure sector
sundaytimes.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sundaytimes.lk Daily Mail and Mail on Sunday newspapers.

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Browns Investments acquires 55.65 % stake of Serendib Hotels

news
Browns Investments acquires 55.65 % stake of Serendib Hotels
Daily News (via HT Media Ltd.)
© Provided by Daily News (via HT Media Ltd.)
Bodufinolhu, Maldives
© Provided by Daily News (via HT Media Ltd.)
LOLC Holdings PLC’s strategic Investment arm, Browns Investments PLC (BI), yesterday acquired the controlling stake of 55.65% of Serendib Hotel PLC (Serendib) for a consideration of Rs.792 million.
With this acquisition, BI will hold 56.67% of voting shares and 53.48% non-voting shares of Serendib. The investment was made by BI’s subsidiary leisure company, Eden Hotel Lanka PLC.
With this investment, BI will add Club Hotel Dolphin, Hotel Sigirya, Avani Bentota Resort and Lantern Beach Collection, Mirissa along with their management companies to BI’s existing leisure portfolio, The Eden Resort & Spa in Beruwala, The Paradise Resort & Spa in Dambulla, The Calm Resort & Spa in Passikudha and Dickwella Resort & Spa, Sher ....

Sri Lanka , Eden Hotel Lanka , Nasandhura Palace Hotel , Browns Investments , Hotel Sigirya , Lolc Holdings , Club Hotel Dolphin , Marriott Group , Serendib Hotel , Avani Bentota Resort , Lantern Beach Collection , Eden Resort , Paradise Resort , Calm Resort , Dickwella Resort , Sheraton Kosgoda Turtle Beach Resort , Riverina Resort , Nasandhura Palace , North Mal , Kaafu Atol , ஸ்ரீ லங்கா , ஈடன் ஹோட்டல் லங்கா , பிரவுன்ஸ் முதலீடுகள் , சங்கம் ஹோட்டல் டால்பின் , மேரியட் குழு , சேரெந்திப் ஹோட்டல் ,

Browns Investments acquires Serendib Hotels for Rs. 792 m

With latest acquisition will hold 56.67% of voting and 53.48% of non-voting shares
Will add range of luxury properties in both SL and Maldives
Includes lease rights to 3 islands in North Malé, Bodufaru, Kaafu Atol
Browns Investments Chairman Ishara Nanayakkara
LOLC Holdings PLC’s strategic investment arm, Browns Investments PLC (BI), yesterday acquired the controlling stake of 55.65% of Serendib Hotel PLC (Serendib) for a consideration of Rs. 792 million, the
company said in a statement.
With this acquisition, BI will hold 56.67% of voting shares and 53.48% non-voting shares of Serendib. The investment was made by BI’s subsidiary leisure company, Eden Hotel Lanka PLC. ....

Sri Lanka , Sierra Leone , Ishara Nanayakkara , Gurind Accor , Eden Hotel Lanka , Sunbird Bio Energy Ltd , Nasandhura Palace Hotel , Sierra Group , Browns Investments , Saga Solar Ltd , Club Hotel Dolphin , Hotel Sigirya , Marriott Group , Serendib Hotels For Rs , Serendib Hotel , Serendib Hotels , North Mal , Investments Chairman Ishara Nanayakkara , Browns Investments Chairman Ishara , Avani Bentota Resort , Lantern Beach Collection , Eden Resort , Paradise Resort , Calm Resort , Dickwella Resort , Sheraton Kosgoda Turtle Beach Resort ,