Sri Lanka's Aitkin Spence Search For Development Partner

Category: Hotels, Posted:26 Jun 2011 | 06:00 am

Leading Sri Lankan tourism group Aitkin Spence are actively searching for a hotel development partner for a mixed use project according to media reports.
A destination master planned project with two resorts, commercial and residential homes are located on a 108 acre oceanfront site.
Located just 20 km north of Trincomalee, in Nilaveli, the developer is looking to joint venture on one of the two planned resorts, while it will build and operate the other.
Aitkin Spence already have a business relationship with Six Senses for a resort north of Galle which will open next year.

Other News

New Phuket Hotel Market Update 2024 Report From C9 Hotelworks

Category: Hotels|Tourism, Posted:17 Apr 2024 | 19:06 pm Phuket’s tourism industry is undergoing an ongoing rebound, with last year’s airport passenger arrivals edging towards pre-pandemic figures according to C9 Hotelwork’s Phuket Hotel Market Update 2024. While hitting 7 million, it was still short of the 9 million mark set in 2019. This year the trend is continuing with 1.62 million arrivals to date […]

Delving Into the Real Estate Rental Landscape of Phuket

Category: Opinion|Real estate, Posted:16 Apr 2024 | 09:39 am Given the backdrop of a booming Phuket real estate sector, one area that is often overlooked is the rental market. Despite a vibrant vacation short-stay segment, there remains a strong demand for extended and long-stay rentals across the island. Rental demand coming out of the COVID19 pandemic experienced sustained uplift and has continued to perform […]

Inside the Numbers. The Potential of a Phuket Property Bubble

Category: Real estate, Posted:13 Apr 2024 | 13:12 pm One of the most common questions I am asked these days is about a potential Phuket real estate bubble. While it’s a popular buzz term, so many who ask the question don’t understand what a bubble is. The most notable real estate bubble in recent history was the subprime housing crisis in the United States […]

More Insider News