The Lighthouse Hotel goes for Rs. 430 m expansion

Thursday, 21 June 2012 02:35 - - {{hitsCtrl.values.hits}}

Ahead of its Annual General Meeting next week, The Lighthouse Hotel has finalised plans for a Rs. 430 million expansion that will see the addition of 23 deluxe rooms and two suites. The upgrade will also include a new restaurant and a bar with an extension to the spa in addition to the refurbishment of the existing 63 rooms.

The latest revamp is in order for The Lighthouse Hotel to keep up with the demands of discerning travellers.

The hotel is soon to complete its 15th year in operation and has distinguished itself as being truly a part of modern-day Galle. The influence of Bawa design and ambience remains a major factor in attracting visitors from around the globe and it is recognised as a landmark of the south.

In FY2012, the company reported a net profit of Rs. 109.5 million, up from Rs. 60.4 million in the previous year. Turnover amounted to Rs. 533.8 million, up from Rs. 421 million in FY11.

The Lighthouse Hotel Plc will hold its AGM on 28 June at 10 a.m. at the Mihilaka Medura of the Bandaranaike Memorial International Conference Hall (BMICH), Bauddhaloka Mawatha, Colombo 7.

Jetwing Hotels Management Services owns a 36% stake in The Lighthouse Hotel Plc in addition to controlling a further 8.3%. Other major shareholders are Mercantile Investments (16.6%), EPF (11%) and Bank of Ceylon (10%).