Jetwing Hotels to Build New Properties

Sri Lanka’s Jetwing Hotels has announced plans of constructing eight properties over the next few years, adding 720 rooms to its existing 530.

The company currently has 12 properties in its portfolio, and will continue to expand by investing US$72-million on its upcoming projects that will be branded under a new cluster called Jetwing Symphony. The investment will be funded by public sale of company shares that is expected to earn US$36-million.

According to a report in TTG Asia, the new properties include an 83-room boutique hotel in Colombo, a 98-room Yala Safari hotel being rebuilt in the south of Sri Lanka, and hotels in Kandy and Jaffna in the north. Construction is set to begin over the next three to six months, and is expected to be operational by late 2012 or early 2013.

Source: http://www.pata.org/news/jetwing-hotels-to-build-new-properties