Find our most recent stories tagged by their locations. Click here for more story locations.
Posted: 08 Feb 2013 | 6:00 am
The joint venture deal between Thailand's boutique resort chain Soneva and Aitkin Spence in Sri Lanka is dead in the water.
While the deal which included branded million dollar hotel villas in Ahungalla was first initiated under Six Senses, after last year's purchase by Pegasus Capital, Sonu Shivdasani carved this out of the purchase and retained it under fledgling Soneva.
Now TTG Asia has reported that the deal is dead and that Aitkin Spence are now speaking to other international groups.
Though post-war Sri Lanka has gained a large amount of global press, the inability of local developers to put equity into hotel deals has hampered the hospitality pipeline.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
A recent Channel News Asia television segment Boomtown Asia checked into the island's environmental, and sustainable tourism sectors.
The innovative Evening Breeze environmental cooling system is gaining global attention in the resort markets and villas.
CENTEL 38.00 + 0.25 %
DTC 62.25 + 4.25 %
ERW 5.15 0.00 %
GRAND 1.56 - 0.02 %
LRH 41.25 - 0.75 %
MANRIN 28.00 + 0.75 %
MINT 27.00 0.00 %
ROH 24.00 0.00 %
SHANG 62.25 - 1.75 %
Library of published hospitality, tourism and property market intelligence.
Hotel Branded Residences in Asia by C9 Hotelworks
PHUKET GAZETTEHow Same-Same Drove me Insane
PROPERTY REPORT SOUTH EAST ASIAWaiting for the Big Sleep