Business Times

Dilith, Raynor to raise their stakes in Reefcomber

By Duruthu Edirimuni Chandrasekera

Dilith Jayaweera of Triad Advertising along with Raynor Silva at ABC Group are looking to increase their stakes in Hotel Reefcomber after they bought large stakes when 51% of it was divested by the Amaya Leisure Group on Thursday, according to sources close to them.

“This is an investment worth increasing, because this industry (leisure) has the best potential in this post-war economy,” Mr. Jayaweera, Joint Managing Director Triad who bought 12% of the hotel through his venture Imagewise told the Business Times, but declined to comment on whether he will increase his shareholding in the near future.

He said the Bentota-Tangalle strip is identified as one of the best beaches in the world and Reefcomber, which is situated at Hikkaduwa, is a very good and sound investment in terms of the possibilities in the hotel sector.

“This property can be identified as a small niche (in the future),” he added, noting that the one acre freehold land at Reefcomber which has 67 rooms is a unique property. Nimal Perera, Director Amaya Leisure, said that the 51% divestment of Reefcomber was concluded within five minutes.

“Now the major shareholders are Imagewise and Raynor Silva with 8%. The rest was sold to the public. We exited this investment as the timing was right,” he added. ABC Group’s Mr. Silva told the Business Times that he is eyeing other such investments in the leisure sector. “There’s a lot of potential in this sector and I’m interested in other such properties,” he added. When asked why he chose to purchase this property, he noted that the pricing was competitive.

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