Business Times

Auro Holdings’ significant investment in Sri Lanka’s tourism industry

Auro Holdings (Pvt) Ltd is investing in two new properties, Colombo Courtyard, Colombo 03 opening in February 2012 while Ranna212, Tangalle has already begun welcoming its first guests, the company said this week.

It said the company’s Managing Director, Arun Thapar, holds business interests spread across a range of industries from leading apparel firms in Singapore and Sri Lanka to hotels in the Maldives and Canada. “The tourism industry can finally reap the benefits of the islands natural, historical and cultural beauty,” he said.

The 33-key (room) boutique hotel in Colombo situated at Alfred House Avenue, has an initial investment of US$5 million whilst the property in Ranna, Tangalle is a 124 key property with an investment in excess of US$15 million.

The statement said that Colombo Courtyard, designed by environmental architect Sunela Jayawardene, is crafted around the concept of a series of open spaces and the use of recycled elements in its artful décor. With a choice of two unit suites equipped with modern facilities including 42 inch LED screens and iMac computers, as well as Deluxe rooms with heightened comfort, Colombo Courtyard will breath freshness into the city’s accommodation options.

Ranna212, Tangalle is spread across 11 acres of land with over 150 metres beach frontage. Plans are also underway for three more properties to be built in Ahungalla, Kalpitiya and Vakarai.

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