LankaTalks

BOI signs $ 4 m hotel deal with French hospitality group

Salt Collective (Pvt) Ltd., a French hospitality development venture, is to invest approximately $ 4 million to set up a 16-room boutique hotel in Ahungalla in the Southern Coast of Sri Lanka. 

The project is scheduled to be opened for business in December 2022. The agreement was signed by Board of Investment (BOI) Chairman Sanjaya Mohottala and Salt Collective (Pvt) Ltd. Chairman Cyril Jacob.

Mohottala said: “We are delighted to welcome ‘Salt Collective’ to our portfolio of investors, as they drive investment for the tourism sector under the purview of the BOI. The tourism and leisure industry is our third largest foreign exchange earner in the Sri Lankan economy and it contributes significantly to employment generation, foreign exchange earnings, and tax revenues.

It is therefore opportune for Sri Lanka to constantly augment infrastructure capacity to cater to future demand and in this case, for those tourists with a discerning travel experience palette.”

Jacob added: “Despite Sri Lanka having experienced numerous challenges, which also include the Covid-19 pandemic, we are still great believers in Sri Lanka’s tourism potential.

It has so much to offer to both international and domestic travelers with yet unmet demands for high-end boutique hospitality. By teaming up with Resplendent Ceylon, who will be managing the hotel, we believe that we will be able to offer a unique product with superb service and guest experience.”

This project was conceptualised by architect Channa Daswatte and developed by a team of design firms in Sri Lanka and Singapore. It incorporates traditional elements of Sri Lankan architecture, with the “casual chic interiors of a modern beach house”.

The hotel would cater to high-end customers with world class hotel rooms, personalised wellness programmes, and outstanding food and beverages, providing a unique experience at an upscale level. The new venture is to be operated by Resplendent Ceylonrenowned for creating a trail of luxury resorts in Sri Lanka.

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