Palm Garden Hotels Plc
CCSELK:PALM.N000043.00
LKR
-2.00
(-4.44%)
ISIN
LK0208N00005
Return %
Stock
S&P 500
1Y
-42.59
14.20
3Y
8.04
81.12
5Y
-64.36
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- Sector
- Consumer services
- Industry
- Hotels/Resorts/Cruise lines
- Address
- Rajagiriya Sri Lanka
- IPO Date
- Aug 16, 1993
- Similar Companies
- Business
- Palm Garden Hotels PLC is a Sri Lanka-based hospitality and leisure investment holding company engaged in owning, managing, and operating luxury resort hotels and tourism-related properties. Founded in 1973 and headquartered in Colombo, Sri Lanka, the company operates as a subsidiary of Browns Investments PLC within the larger LOLC Holdings PLC conglomerate. Palm Garden Hotels PLC serves international leisure travelers, wellness seekers, and corporate clients across primary tourist destinations in Sri Lanka and the Maldives under the Browns Hotels & Resorts umbrella. The company operates through systematic hospitality service lines that include luxury guest accommodations, featuring beachfront villas, private suites, and deluxe guest rooms; food and beverage operations, encompassing multi-cuisine fine dining restaurants, specialty seafood outlets, all-day dining cafes, poolside bars, and in-room dining services; wellness and recreational amenities, providing full-service Ayurvedic and contemporary spa therapies, fitness centers, swimming facilities, and water sports activities; and event hosting solutions, offering conference facilities, meeting boardrooms, and indoor and outdoor banquet spaces for weddings and corporate gatherings. In recent developments, the company has executed strategic asset consolidations across the LOLC Group leisure portfolio to optimize hotel ownership structures and enhance operational efficiencies. As part of this expansion and repositioning strategy, the group entered into a major operating and management partnership with Spain-based Barcelo Hotel Group to manage and rebrand key resort assets, including Occidental Eden Beruwala and Occidental Paradise Dambulla, while advancing hospitality development projects in the Maldives and completing comprehensive property refurbishments to capture growing demand in international tourism.