Saturday, February 2, 2013

LAUGFS enters hospitality industry with Star-Class hotels

LAUGFS Leisure Ltd, a subsidiary of diversified Sri Lankan conglomerate, LAUGFS Holdings, laid the foundation for its 110-room luxury hotel in Pasikudah. Construction is currently underway and the company would invest Rs. 2.5 billion for this project. The property will be designed with state-of-the-art amenities and has a commercial opening scheduled to take place in June 2014.

The proposed hotel in Pasikudah

The Pasikudah property will offer 5-class services and amenities, including 10 luxury villas, whilst still maintaining 4-star affordability, in keeping with the LAUGFS corporate philosophy of under-promising and over-delivering in terms of quality.

Developments in Pasikudah will be a part of a concerted push by LAUGFS into Sri Lanka’s tourism industry, with the Group now carrying out multiple simultaneous developments in strategic tourist hot-spots across the country including Chilaw, Kalutara and potentially Negombo.

Meanwhile the LAUGFS Leisure’s Chilaw property will see the construction of an 87-room hotel on 16 acres of uniquely located real-estate allowing all rooms on the property access to scenic dual-views of the Chilaw Lagoon and the Indian Ocean.

LAUGFS has invested Rs. 1.2 billion in the Chilaw development which is scheduled to reach completion in June 2013. In addition a feasibility study is also being carried out for a massive 250-room property in Kalutara. Once completed, the Kalutara property will be the Group’s largest development in the tourist sector as well as a number one tourist destination of the island with incomparable magnitude and quality.

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