Sunday, November 28, 2021

Amagi Group to invest over Rs. 1.9 bn in 3 new hotel projects

Chairman Amagi, Somanathan Ganeshanathan

Amagi Group of Hotels will invest over Rs. 1.9 billion in the next two years in three new hotel projects in Negombo, Marawila and in Katunayake.

Chief Executive Officer, Amagi Group of Hotels, Jude Silva Pulle said that they will invest USD 35 million to build what would be one of the biggest hotel projects in Tangalle in partnership with a Maldivian hotel chain. When completed, it will provide over 400 direct employment opportunities.

The second project would be a 200 room Airport hotel in Katunayake targeting the airport traffic. “This would be a Rs. 400 million investment.”

In addition, the management is also planning to build a separate hotel with water villas in Marawila which would be another Rs. 300 million project. Land for all these projects have already been secured.

. “We have invested nearly Rs. 70 million during the lockdown to upgrade Amagi Aria Negombo; these upgrades offer 40 new employment opportunities for the youth.

Chairman of Amagi Group, Somanathan Ganeshanathan said earlier the proposed project in Tangalle Ozen Oblu would be a 173 room five-star luxury hotel project. It will have individual cabanas and rooms and would be one of its kind in the region.” A chef by profession and a leading sea food exporter, Ganeshanathan has years of work experience with Six Senses in the Maldives. “I always had a dream to create my own hospitality project and I am proud that I reached the milestone. Like many business owners, I wasn’t born to be an entrepreneur, I had a passion for running a business, and I most assuredly had no experience in successfully growing one but I was able to achieve it. I have learned a few things that have helped keep the bumps and bruises to a minimum while maintaining double-digit growth year over year.”

“Technology is changing the world we live in every day. In order to stay relevant, it is important to innovate, regardless of your industry, as well as want to get better. This could mean new programs, new thinking or new processes.’

The management also owns and operates Amagi 27 room resort hotel Amagi Beach in Marawila. (SS)

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