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| Sunday, 21 December 2003 |
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Banyan Tree reiterates commitment to Sri Lanka Banyan Tree Holdings is actively proceeding with the refurbishment and opening of the Deer Park Hotel and its Angsana Spa complex in early 2004 and the refurbishment and opening of Hotel Swanee by late 2004, said Ho Kwon Ping, Chairman Banyan Tree Holdings. He was responding to media reports that the company is halting its Sri Lankan investment plans due to the political crisis in the country. "We remain optimistic about the peace process and believe that the current political issues within the Government will be resolved. We will carefully modulate and calibrate our investments in the island. By the time we complete the above mentioned projects, we hope the political climate will be conducive for us to proceed with further projects," he said. The Angsana City Club and Spa at Crescat City, with its management and operations under Angsana Spa, will open in mid-2004 as announced. "We are committed to managing and operating the Deer Park Hotel, which is one of our three initial properties and spearheading the Colours of Angsana launch, our planned foray into the soft adventure and cultural tourism market segment. "Deer Park is fully supported by our extensive worldwide sales and marketing network, and our travel partners in London share our positive sentiments for both the Deer Park and Swanee projects. At the World Travel Market held last month, leading UK tour operators Kuoni Travel, LastMinute.com and Barefoot Traveller signed contracts to feature the hotel in their programmes. Leading tour operators in Europe have also shown considerable interest," Ping further said. Banyan Tree Holdings purchased 69.9 per cent of Beruwela Walk Inn Ltd (Hotel Swanee) from John Keels Holdings Ltd in October. The Group has planned for significant ongoing expansion in several countries, and Sri Lanka has been identified as one destination where it sees much potential for investments. "We are looking at possible projects and the introduction of the signature Banyan Tree and Angsana brands here through the development of hotels and resorts," he said. |
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