President Resort:

Showpiece of Kalpitiya Coast

PJ Holdings is facilitating investment to the value of over US$ one bln to the hospitality industry.

Chairman PJ Holdings Prasanna Jayewardene

Chairman PJ Holdings Prasanna Jayewardene said that it will be for 47 projects around the country but mostly in the North and East coast. By 2016 all projects will be operational.

Already we have started sourcing and procurement of land. The approvals will take about one year and then it will be development and construction.

The President Resort with 2050 rooms to be built in Kalpitiya will be the benchmark in the hospitality industry.

In addition there will be four seven star hotels with a yacht operating in Kalpitiya, which will see an investment of US$100 mln.

Once the hotels are operational there will be 3455 additional rooms which will cater to the target set by President Mahinda Rajapaksa to attract 2.5 mln tourists a year to the country. He said that Sri Lanka has come to the place where it should be with the dawn of peace as all other requirements have been fulfilled which includes geography, hospitality of the people. As the country is in the centre of Asia our country will attract tourists from all over the world.

Jayewardene was confident that the North and East will be more developed compared to the South in the coming years and this will open up job opportunities in every sector.

He said that the potential Sri Lanka has to offer has still not been explored and we believe that with the campaign Re-discover Sri Lanka the country can attract 10 mln tourists annually within the next 10 years.

Jayawardene the founder and developer of Elephant Corridor hotel Sri Lanka has owned and operated tourist hotels, restaurants and hotel management companies as well as a shopping complex has over 40 years of experience in the hospitality trade.