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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. ....

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 , Browns Engineering , ஸ்ரீ லங்கா , ஈடன் ஹோட்டல் லங்கா , பிரவுன்ஸ் முதலீடுகள் , சங்கம் ஹோட்டல் டால்பின் , மேரியட் குழு ,

Daily Mirror - LOLC Group acquires Serendib Hotels from Hemas for Rs.792mn

LOLC says acquisition is aimed at capturing post-COVID growth in tourism business
Hemas says divestment is part of group’s portfolio direction and focuses on uplifting return on equity from core segments
LOLC Holdings PLC’s strategic investment arm, Browns Investments PLC (BI), yesterday acquired the controlling stake of 55.65 percent of Serendib Hotel PLC, a subsidiary of Hemas Group, for a consideration of Rs.792 million.
With this acquisition, BI will hold 56.67 percent of voting shares and 53.48 percent of non-voting shares of Serendib.
Ishara Nanayakkara
BI’s subsidiary leisure company, Eden Hotel Lanka PLC, made the investment.
The voting shares, which amounted to 42.8 million, were bought at Rs.14.20 per share, for a consideration of Rs.608 million, while the non-voting shares, amounting to 19.2 million, were bought at Rs.9.60 a share. ....

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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.

Sri Lanka , Sierra Leone , Ishara Nanayakkara , Gurind Accor , Eden Hotel Lanka , Saga Solar Pvt Ltd , Sunbird Bio Energy Ltd , Nasandhura Palace Hotel , Sierra Group , Browns Investments , Serendib Hotels , Hemas Holdings , Hotel Sigirya , 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 ,

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 ,