Finco expands with Uga Resorts
The Uga Resorts
The Finco Group, a pioneer in manufacturing will expand its leisure
sector with the launch of two luxury boutique hotels in exotic locations
in the East. The two properties to be set up in Kuchchaveli and
Passikudah at a cost of Rs. 2.5 billion will add 100 rooms to the hotel
The Jungle Beach and the Uga Bay resorts to be set up in the serene
beaches of the East coast will be the latest additions to the Uga chain
of resorts. The Jungle Beach resort, a 10-acre property consists of
thick vegetation and the Ugh Bay, an eight-acre property with the
off-shore reef on the southern side of the bay is a major attraction of
Vice Chairman Finco Group, Harsha De Saram said the objective of
setting up the resorts is to cater to the high end tourist segment and
identify niche markets for sustainable tourism.“Work on the two
properties has commenced and they will be in operation by mid next
year”, he said. The Jungle Beach resort which is built in the thick
woods is the first hotel project to be launched in the Kuchchaveli
Tourism Development Zone.
De Saram said that the jungle beach concept was introduced to create
an experience of the jungle and beach in one location. The Passikudah
beach has been rated the best beach and an all year round holiday
The luxury chalets with a beach frontage and a scenic view of the
serene lagoon consists of modern facilities to offer the ideal ambience
Vice President Finco Group Priyanjith Weerasooriya said that each
property consisting 50 chalets will be built using renewable resources
in line with the concept of sustainable construction.
Uga Resorts are built to combine a holiday option complemented by an
experience of authenticity.
Ugh Resorts Ltd is the leisure sector of Finco Holdings.
The Group owns the luxury boutique hotel Ulagalla Resort, a luxury
resort in Anuradhapura.
The Finco Group, a family-owned business set up as a manufacturing
entity in 1963 has diversified into construction, services and now the