14 Sep 2021 - {{hitsCtrl.values.hits}}
BOI Chairman Sanjaya Mohottala presents BOI certificate of registrations to Salt Collective (Pvt.) Ltd Chairman Cyril Jacob in the presence of BOI DG Pasan Wanigasekara
Salt Collective (Pvt.) Ltd, a French hospitality development venture, will invest almost US $ 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 investment agreement in this regard was signed by Board of Investment (BOI) Chairman Sanjaya Mohottala and Salt Collective 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 the third largest foreign exchange earner in the Sri Lankan economy and it contributes significantly to employment generation, foreign exchange earnings and tax revenues,” he added.
Jacob said despite Sri Lanka having experienced numerous challenges, which also include the COVID-19 pandemic, they are still great believers in Sri Lanka’s tourism potential.
“It has so much to offer to both international and domestic travellers 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,” he added.
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 casual chic interiors of a modern ‘beach house’.
The hotel, which would cater to high-end customers with world-class hotel rooms, personalised wellness programmes and outstanding food and beverages, will provide a unique experience at an upscale level.
The new venture will be operated by Resplendent Ceylon, one of the country’s premier operators of luxury properties, renowned for creating a trail of luxury resorts in Sri Lanka.
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