Asian Hotels & Properties PLC
CCSELK:AHPL.N000044.00
LKR
-0.90
(-2.00%)
Asian Hotels & Properties PLC
CSELK:AHPL.N0000
(Colombo Stock Exchange)
Recent
price
44.00
P/E
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Asian Hotels & Properties PLC is a Sri Lanka-based hospitality and property development company primarily engaged in hoteliering, commercial property investment, and real estate management. Founded in 1993 and headquartered in Colombo, Sri Lanka, the company operates as a key subsidiary of John Keells Holdings PLC, one of the country's largest diversified conglomerates. Asian Hotels & Properties PLC structures its business into two primary operating segments: Leisure and Property. Under the Leisure segment, the company owns and operates five-star luxury city hotels under the Cinnamon Hotels & Resorts brand umbrella, notably the Cinnamon Grand Colombo and Cinnamon Lakeside Colombo. Its core hospitality products and services comprise luxury guest accommodations, deluxe rooms, and executive suites; diverse food and beverage operations encompassing international fine-dining restaurants, specialty ethnic cuisines, casual dining venues, cafes, lounges, and bars; comprehensive meetings, incentives, conferences, and exhibitions (MICE) facilities, including grand ballrooms, multi-functional event spaces, and meeting rooms; and extensive leisure and wellness amenities such as health spas, modern fitness centres, swimming pools, and outdoor recreational areas. Under the Property segment, the company is involved in commercial property development, leasing, and management, highlighted by the operation of the Crescat Boulevard shopping mall in Colombo, which offers retail boutique leasing, food court and restaurant spaces, and commercial rental facilities. The company serves international business and leisure travelers, corporate enterprises, government delegations, and local retail consumers across Sri Lanka. In recent developments, Asian Hotels & Properties PLC achieved a significant operational and financial turnaround, restoring robust revenue growth and returning to net profitability amidst the strong post-recovery resurgence of Sri Lanka's tourism and corporate travel sectors. The company has undertaken strategic service and product enhancements across its flagship banqueting and food and beverage divisions, implemented senior executive leadership appointments across its Colombo properties, commemorated the 20th anniversary milestone of the Cinnamon Grand brand, and aligned its city-hotel positioning to capitalize on synergies generated by the wider John Keells Group hospitality investments, including the Cinnamon Life integrated resort in Colombo.