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* Sri Lanka's new leisure company to open six hotels
Thu, Jan 17, 2013, 12:07 am SL Time, ColomboPage News Desk, Sri Lanka.

Jan 16, Colombo: Edge Hotels and Resorts, a newly formed leisure firm in Sri Lanka plans to build six hotels in key locations in the island within the next four years, the chairman of the Edge Hotels Group Graetian Gunawardhana has said.

The company signed an agreement today with the country's investment promotion agency, Board of Investment (BOI) to build two hotels initially in Uswetakeiyawa and in Bambalapitiya.

Reefs Edge Hotel and Villas at Uswetakeiyawa will be a four-star facility of 23 beach front rooms with modern amenities. It will also include 300-seat banquet hall for events ranging from weddings to corporate functions and offsite workshops.

The 35-room City Edge Colombo at Marine Drive, Bambalapitiya, located within easy distance from the major office complexes and hotels in the city, is geared for the business traveller.

Gunawardhana has said the firm plans to open four more facilities in the second phase and the approval of the BOI for this venture is both "encouraging and heartening", since it is a massive undertaking on the company.

Further development of Edge Hotels include, 36-room Corals Edge, Ambalangoda in the South, Lakes Edge, Nuwara Eliya in central hills with 40 rooms, Kingdoms Edge in Sigiriya and Bays Edge, Kalkudah in the East.

Construction of Corals Edge will begin in May this year, while Kingdoms Edge and Bays Edge will be completed in August 2014 and early 2015 respectively.

"It is our belief that our hotels will attract selective visitors from all over the world, and thereby bring in more foreign exchange to the island," Gunawardhana has said.

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