US-based Starwood to manage Browns’ new Kosgoda resort
View(s):Browns Hotels and Resorts last week signed an agreement with US-based Starwood Hotels and Resorts to manage its new Kosgoda resort.
Picture shows Dilip Puri, Managing Director-India and Regional Vice President- South Asia, Starwood Hotels and Resorts (left) and Ishara Nanayakkara, Executive Chairman, Brown & Company PlC exchanging copies of the agreement.
Starwood will manage the 172-room, 5-star Sheraton Kosgoda Turtle Beach Resort at Kosgoda. This is the international operator’s second Sheraton-branded management asset in Sri Lanka with the 308-room Sheraton Colombo, costing US$80 million opening in March 2015.
Browns Hotels, part of the Browns Group, last month also signed up to develop a 4-star property in the Maldives, its first overseas investment.
The agreement with Alpha Kinam Holdings (Pvt) Ltd and NPH Investment Pvt Ltd involves a resort with 150 rooms and 100 apartments at an initial investment of US$9.5 million. Browns officials said the company is actively looking at other investments in the Maldives.
The designing of the hotel will be handled by a reputed architectural firm in Thailand while construction is by Colombo-based Sierra Construction Ltd, officials said. The resort is due to open in mid 2015.