A joint venture between Singaporean and Sri Lankan investors has begun work on a hotel project in Sri Lanka's capital Colombo where they plan to open up to six hotels with initial investments of 4.5 billion. “We see the OZO brand as an ideal platform for bringing style and innovation to the mid-market sector,” said Bob Kundanmal, Chairman, Sino Lanka Hotels Holdings.
Onyx is privately held by the Charanachitta family and is an Italian-Thai public company. “Sri Lanka is one of the most vibrant destinations in the Asia-Pacific and one that is experiencing dynamic growth in tourism. We plan to make it a key hub for Onyx going forward,” said Peter Henley, Chief Executive, Onyx Hospitality group. “We will eventually invest 100 million US dollars for all six hotels,” said Stefan Furkhan, Director, Sino Lanka Hotels Holdings. Furkhan said over 50 per cent of the joint venture is held by Sri Lankan shareholders. The other three hotels will be under different brands. T. Onyx is a Thai hotel brand that is venturing out overseas. The group aims to have 410 rooms initially and the first hotel is set to open in 2013, as per a report in lankabusinessonline.
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Onyx is privately held by the Charanachitta family and is an Italian-Thai public company. “Sri Lanka is one of the most vibrant destinations in the Asia-Pacific and one that is experiencing dynamic growth in tourism. We plan to make it a key hub for Onyx going forward,” said Peter Henley, Chief Executive, Onyx Hospitality group. “We will eventually invest 100 million US dollars for all six hotels,” said Stefan Furkhan, Director, Sino Lanka Hotels Holdings. Furkhan said over 50 per cent of the joint venture is held by Sri Lankan shareholders. The other three hotels will be under different brands. T. Onyx is a Thai hotel brand that is venturing out overseas. The group aims to have 410 rooms initially and the first hotel is set to open in 2013, as per a report in lankabusinessonline.
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