LAUGFS enters hospitality industry with Star-Class hotels
LAUGFS Leisure Ltd, a subsidiary of diversified Sri Lankan
conglomerate, LAUGFS Holdings, laid the foundation for its 110-room
luxury hotel in Pasikudah. Construction is currently underway and the
company would invest Rs. 2.5 billion for this project. The property will
be designed with state-of-the-art amenities and has a commercial opening
scheduled to take place in June 2014.
The proposed hotel in Pasikudah
The Pasikudah property will offer 5-class services and amenities,
including 10 luxury villas, whilst still maintaining 4-star
affordability, in keeping with the LAUGFS corporate philosophy of
under-promising and over-delivering in terms of quality.
Developments in Pasikudah will be a part of a concerted push by
LAUGFS into Sri Lankaís tourism industry, with the Group now carrying
out multiple simultaneous developments in strategic tourist hot-spots
across the country including Chilaw, Kalutara and potentially Negombo.
Meanwhile the LAUGFS Leisureís Chilaw property will see the
construction of an 87-room hotel on 16 acres of uniquely located
real-estate allowing all rooms on the property access to scenic
dual-views of the Chilaw Lagoon and the Indian Ocean.
LAUGFS has invested Rs. 1.2 billion in the Chilaw development which
is scheduled to reach completion in June 2013. In addition a feasibility
study is also being carried out for a massive 250-room property in
Kalutara. Once completed, the Kalutara property will be the Groupís
largest development in the tourist sector as well as a number one
tourist destination of the island with incomparable magnitude and