Tangerine Beach Hotels PLC
CCSELK:TANG.N000095.00
LKR
-2.00
(-2.06%)
ISIN
LK0163N00002
Return %
Stock
S&P 500
1Y
-32.50
13.14
3Y
75.93
80.78
5Y
30.14
67.74
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- Full Time Employees
- 326
- Sector
- Consumer services
- Industry
- Hotels/Resorts/Cruise lines
- Address
- Colombo Sri Lanka
- IPO Date
- Jul 17, 1990
- Website
- tangerinehotels.com
- Similar Companies
- Business
- Tangerine Beach Hotels PLC is a Sri Lanka-based hospitality company engaged in the ownership, operation, and management of resort properties. Founded in 1980 and headquartered in Colombo, Sri Lanka, the company operates as a member of the Tangerine Group of Hotels and is affiliated with Mercantile Investments and Finance PLC. The company's flagship asset is the Tangerine Beach Hotel, a four-star beachfront resort situated in Kalutara on the southwestern coast of Sri Lanka, serving international tourists, corporate clients, and domestic leisure travelers. The company provides a comprehensive suite of hospitality, wellness, leisure, and event services. Its accommodation portfolio consists of 179 rooms and suites, including standard sea-facing rooms, deluxe garden-view rooms, junior suites, executive suites, and luxury presidential suites equipped with private balconies, climate control, and modern room conveniences; food and beverage services across multiple on-site dining venues, including international and fusion buffet dining at Paaruwa Restaurant, fine dining at Cafe Lotus, light fare and beverages at Seashells Coffee Shop, cocktail and beverage service at Pebbles Lounge Bar and the swim-up Pool Bar, and specialized private dining via Tree Top Signature Dining; comprehensive wellness and holistic health treatments delivered through its dedicated Ayurveda Spa Centre; recreational and athletic facilities, including an expansive outdoor swimming pool with a children's pool, a fitness center, floodlit tennis courts, squash courts, badminton facilities, and indoor game spaces; and event hosting and MICE (meetings, incentives, conferences, and exhibitions) services, encompassing conference venues, banquet halls, and customized indoor and beachfront wedding packages. In recent developments, Tangerine Beach Hotels PLC has advanced strategic capital investments and sustainability programs to enhance asset quality and operational efficiency. The company secured a LKR 30 million credit facility dedicated to the installation and commissioning of a commercial rooftop solar photovoltaic system, substantially expanding its renewable energy generation and reducing grid energy reliance. Demonstrating compliance with international environmental and social standards, the property achieved the Travelife Sustainability Certification and published its inaugural Environmental, Social, and Governance (ESG) report detailing its resource management, water conservation, and waste reduction benchmarks. Operationally, the company has carried out comprehensive infrastructure enhancement programs, comprising phased guest room modernizations, structural roof rehabilitation, restaurant upgrades, and facility waterproofing. Driven by these property enhancements and focused marketing campaigns targeting growing inbound markets, particularly from India and Western Europe, the company has expanded its guest occupancy levels and improved operating profitability within Sri Lanka's revitalized tourism sector.