 | |
| Company type | Public |
|---|---|
| CSE: CHOT.N0000 | |
| ISIN | LK0032N00009 |
| Industry | Hospitality |
| Founded | 1966; 59 years ago (1966) |
| Headquarters | , Sri Lanka |
Key people |
|
| Revenue |  LKR878 million (2023) |
 LKR(196) million (2023) | |
| LKR(152) million (2023) | |
| Total assets | LKR14.385 billion (2023) |
| Total equity | LKR9.775 billion (2023) |
| Owners |
|
Number of employees | 398 (2023) |
| Parent | Ceylon Hotel Holdings |
| Subsidiaries | The Kandy Hotels Company (1938) PLC |
| Website | www |
| Footnotes / references [1] | |
Ceylon Hotels Corporation PLC, often calledCeylon Hotels, is ahospitality company inSri Lanka. The company was incorporated through an Act of theParliament of Ceylon in 1966. The company was listed as a public company in the following year. Ceylon Hotel Holdings, a subsidiary of Galle Face Hotels Group is the holding company of Ceylon Hotels Corporation. Ceylon Hotels' subsidiary, Kandy Hotels Company owns and operates the Queen's Hotel and the Hotel Suisse heritage hotels.
Ceylon Hotels Corporation was incorporated through an Act of the Parliament of Ceylon, the Ceylon Hotels Corporation Act, No. 14 of 1966.[2] The company was listed on theColombo Stock Exchange in the following year. TheGardiner family who owned a 26% stake inGalle Face Hotels Group, acquired a 35% stake in the Ceylon Hotels Corporation on 8 July 2005.[3]
Ceylon Hotels signed an agreement withCinnovation-CG Corp's Zinc Hospitality Lanka to set up ajoint venture, Ceylon Holidays Holdings in 2014. Ceylon Holidays Holdings was a fully owned subsidiary of Ceylon Hotels, Zinc Hospitality Lanka agreed to invest LKR250 million for a 50% of stake in Ceylon Holidays Holdings. The two parties agreed to develop properties under CHC Rest Houses, a subsidiary of Ceylon Holidays Holdings.[4] Ceylon Hotels through its subsidiary, United Hotels Company acquired Ceylon Hotels Maldives, a firm which was developing a resort in the Maldives.[5] Ceylon Hotels Maldives entered into a joint venture with Zhen Hua Engineering Company Limited, a subsidiary ofChina Harbour Engineering Company. Through the joint venture, an 85-100 room resort was planned to be built in Anbaraa island ofVaavu Atoll of Maldives.[6] However, in 2021, Ceylon Hotels decided to divest its 50% stake in the joint venture for US$4.49 million. The resort was planned to open in 2020 but instead reported losses in 2020 and 2021.[7]
The Kandy Hotels Company (1938) PLC is a subsidiary of Ceylon Hotels Corporation. As of 2022, Ceylon Hotels holds a 69.54% stake in the Kandy Hotels Company. The Kandy Hotels Company is the owner and operator of theQueen's Hotel and theHotel Suisse.[1] Kandy Hotels Company entered into an agreement with Sino Lanka Hotel Holdings to set up a joint venture to build OZO Kandy in 2012. OZO Kandy was planned to have 120 rooms.[8] OZO Kandy officially opened in 2015.[9] The hotel has been rebranded asRadisson Hotel Kandy in 2022.[10]
EKHO Hotels is a hotel brand operated by Ceylon Hotels' subsidiary, United Hotels Company. Through Ceylon Holiday Holdings, its joint venture with Zinc Hospitality Lanka owns and operates several rest houses across the country.[1][11]
