Balaji Ocean Hotel, Arugam Bay

Lankaila pumps in Rs. 160m, acquires sixth local hotel

In addition to their recent acquirement of the iconic Peacock Hotel in Hambantota, this Singapore / Sri Lankan group has shown Full Confidence in remote Arugam Bay.
Being a true, All-Year-Round Tourist Destination.

Lankaila comprising a consortium of investors from Sri Lanka and Singapore made its sixth acquisition in the local hotel sector when they took an 80% controlling stake of Balaji Ocean Hotel, Arugam Bay pumping in over Rs. 160 million.

“We have already made investments of over USD 8 million for seven more such acquisitions so far,” said Chairman Lankaila, Dhakshitha Bogollagama. The Balaji acquisition mark their presence in the eastern coast of Sri Lanka.

“We have also allocated over USD 50 million to further invest in other hotels. These investments amply demonstrates the confidence the company has in the stability and tourism segment of Sri Lanka and we are looking at more Hotels to invest in collaboration with local investors.

“We have access to international funding, technology and believe in mutual synergy and cooperation to work with Sri Lankan companies together and to provide them with the funds, technology and international networks to grow,” he said.

Lankaila with their partner company Zeta which is the first in the world to provide a proprietary platform that integrates digital marketing to booking operations to finance will also help their assorted hotels to upgrade standards.

“This permits hotels to increase revenue through direct sales and digital marketing, and reduce costs through technology with a state of the art Hotel management system based out of Singapore,” Bogollagama said.

Ceybook.com is their own booking website which has its own payment gateway and one and only Sri Lankan Online Travel Agency (“OTA”) type booking platforms.

Ceybook is also a hotel cloud hotel management platform which can control hotels remotely which includes staff management, Guest check in, check out, accounting and all in one.

“They are also looking to provide similar operations, management and marketing support to other Hotels across Sri Lanka,” he said.

Their Digital Concierge service “DCS” will be the world’s first digital concierge service to all tourists into Sri Lanka. DCS will provide help and support to tourists on arrival, through their journey in Sri Lanka up to the point of departure.

Source:
https://www.sundayobserver.lk/2023/03/19/business/lankaila-pumps-rs-160m-acquires-sixth-local-hotel