Connect with us

Business

Launching in Kandy of SL’s first seven-star hotel, valued at Rs. 9 billion

Published

on

Dignitaries at the launch of the hotel.

By Ifham Nizam

Sri Lanka is poised to make history with the opening of its first seven-star hotel, Aviyana’s Private Chalets, in Kandy. The brainchild of Dr. Indika Hewawasam, the estimated Rs. nine billion project is set to elevate the island nation’s appeal as a premier destination for high-end travelers.

The first stage of this ambitious project, featuring 12 private chalets, is scheduled to welcome guests in May 2025.

Ambasevana Group of Companies chairman cum chairman Aviyana Private Chalet (Pvt) Ltd. Dr. Hewawasam, unveiled his vision last Thursday when he spoke to journalists at Cinnamon Life.

Highlighting the unparalleled features of the project, he stressed that the complex will boast 50 swimming pools, making it a standout in the region. “This is not just a hotel; it’s an experience. Our goal is to position Sri Lanka as a leading destination for luxury travel, attracting billionaires and global celebrities,” said the youthful chairman.

Hewawasam who is passionate about nature said that chalets were built on an 18-acre property in the scenic Knuckles Mountain Range, stressing the hotel aims to blend opulence with nature.

“Each chalet will offer unmatched privacy and breathtaking views of the region’s lush landscapes, catering to discerning travelers seeking tranquility and exclusivity, he said.

The project, with an estimated cost of Rs. 9 billion, has already seen an investment of Rs. 7 billion, with construction 70% complete. More than 300 workers are currently engaged in bringing this vision to life.

Hewawasam projects an annual contribution of USD 500 million to Sri Lanka’s tourism revenue, underlining the untapped potential of the country’s luxury travel segment.

“Our marketing campaign will position these chalets at a starting rate of USD 1,000 per night. This not only sets a new benchmark in Sri Lankan hospitality but also aligns with the growing demand for premium travel experiences, Hewawasam added.

Aviyana’s Private Chalets also offers a lucrative proposition for investors. Villas are priced at approximately Rs. 180 million, with pre-purchase options currently available.

He guarantees one of the highest returns on investment (ROI) in the market, with all tenant and maintenance responsibilities managed by the hotel’s dedicated team.

“We’ve deliberately chosen to keep ownership exclusive, involving a select group of local professionals and foreigners. This ensures the integrity and high standards of the project, he explained, addressing queries about the decision to avoid raising funds through the stock market.

Aviyana’s Private Chalets Director Operations Shezad Hameed said that to enhance the guest experience, Aviyana’s Private Chalets will bring in world-class chefs, wellness professionals, and service staff. The goal is to redefine luxury hospitality in the region, offering an unparalleled blend of comfort, privacy, and natural beauty.

As the project progresses towards its grand opening, he said that it stands as a testament to Sri Lanka’s potential to compete with global luxury destinations. By combining innovative design, strategic marketing, and a commitment to excellence, Aviyana’s Private Chalets is set to put Sri Lanka firmly on the map of elite travel destinations.

The Aviyana Hotel will be the eighth seven-star hotel globally, joining the ranks of renowned establishments like the Burj Al Arab in Dubai. Hewawasam stressed the importance of attracting high-net-worth international tourists and positioning Sri Lanka as a premier destination.

The Chairman also said that the project is also a testament to the country’s entrepreneurial spirit. Backed by 200 local professionals and select Sri Lankan investors, it showcases a self-reliant funding model without foreign loans. “The initiative is expected to boost the national GDP and create numerous employment opportunities, with plans for extensive collaborations with global chefs, designers, and service providers,” he added.

Aviyana’s innovative approach intertwines luxury with Sri Lanka’s rich cultural heritage. From incorporating traditional cuisine to sustainable practices, the hotel aims to offer an authentic experience. It also features the untapped potential of Sri Lanka’s tourism, which contributed only 5% to the GDP in 2018, despite its global appeal.

“With vision and perseverance, the impossible becomes achievable,” Hewawasam remarked, reflecting on the journey of conceptualizing and executing this landmark project.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

ADB pledges over $1 billion annually to Sri Lanka in post-cyclone recovery push

Published

on

ADB President Masato Kanda meets Sri Lankan Prime Minister Harini Amarasuriya at ADB’s Manila headquarters.

Asian Development Bank (ADB) President Masato Kanda met with Sri Lanka Prime Minister Harini Amarasuriya at ADB’s Manila headquarters recently. The meeting reaffirmed the strong development partnership between ADB and Sri Lanka, with both leaders underscoring their commitment to post-cyclone recovery, inclusive growth, and advancing women’s equality.

“Sri Lanka’s resilience in the face of crises has been remarkable,” said Kanda. “We are committed to helping Sri Lanka rebuild after Cyclone Ditwah, while also investing in the country’s future by empowering women entrepreneurs and strengthening education and essential skills.”

Looking ahead, ADB is ready to provide more than $1 billion annually to Sri Lanka from 2026 to 2029. This financing will target macroeconomic stability, private sector-led growth, education and skills development, and resilient infrastructure. Key initiatives include a major digital transformation program to help unlock Sri Lanka’s digital economy, alongside support for its accession to the Regional Comprehensive Economic Partnership to deepen its integration into regional trade and investment networks.

During their discussion, Kanda emphasized ADB’s response to the devastation caused by Cyclone Ditwah. Building on emergency financing already mobilized, ADB is fast-tracking an emergency assistance loan to restore damaged infrastructure and support affected livelihoods.

With Dr. Amarasuriya serving as the keynote speaker for ADB’s International Women’s Day event, the leaders highlighted women’s equality as a cornerstone of inclusive development. Kanda noted ADB’s long-standing work as an implementing partner of the Women Entrepreneurs Finance Initiative, which expands access to finance, business skills training, and policy reform for women-owned enterprises. This partnership has helped drive lasting change, with Sri Lanka becoming one of the first countries to adopt the Women Entrepreneurs Finance Code at the national level in March 2025.

Dr. Amarasuriya also engaged in dialogue facilitated by ADB to advance Sri Lanka’s skills agenda, including discussions on referencing skills and qualifications with the Association of Southeast Asian Nations and on mutual areas of interest with the Philippines related to technical and vocational education and training.

Continue Reading

Business

New Board appointed to lead Unit Trust Association of Sri Lanka

Published

on

The Unit Trust Association of Sri Lanka (UTASL) announced its new Board of Directors, appointing Jeevan Sukumaran of SENFIN Asset Management as President. The Board assumes leadership at a time of significant growth and resilience in Sri Lanka’s Unit Trust industry. Over the past five years, the number of unit holders has more than doubled, while assets under management have grown substantially, reflecting a clear shift in investor behaviour amid evolving economic conditions.

The 2026–2027 Board includes Vice President Kavin Karunamoorthy (First Capital Wealth Management), Secretary Asanka Herath (Lynear Wealth Management), Assistant Secretary Gayan De Silva (Capital Alliance), and Treasurer Wishan Perera (Softlogic Invest).

President Jeevan Sukumaran highlighted the importance of expanding the industry’s reach and increasing retail participation nationwide. “Whilst the Unit Trust industry has grown significantly in recent years, the next phase must focus on broadening retail investor participation across Sri Lanka’s different geographic/demographic sectors, with the key priority being strengthening investor education and awareness, particularly outside major urban centres. Improving financial literacy and expanding access to professionally managed investment solutions are essential to building long-term confidence and encouraging more Sri Lankans to invest in unit trusts.”

The new Board intends to build on the industry’s recent momentum by prioritising investor education, digital accessibility, and product innovation. Over the coming years, enhanced digital platforms are expected to make Unit Trust products more accessible, enabling investors across the country to participate in capital markets in a convenient and transparent manner.

Continue Reading

Business

Indiya at Cinnamon Life enters a flavourful new chapter

Published

on

Colombo’s vibrant dining landscape has received a fresh infusion of flavour with the renewed culinary direction of Indiya, the signature Indian restaurant perched high above the city at Cinnamon Life at City of Dreams. With celebrated Indian chef Mukesh Joshi now steering the kitchen, the restaurant is presenting a menu that celebrates the depth, diversity and soul of Indian cuisine while subtly weaving in Sri Lankan influences.

Located on the spectacular Level 23 of the sprawling Cinnamon Life complex, Indiya’s setting itself feels like a prelude to the culinary journey that unfolds at the table.

The restaurant’s sweeping views of Colombo’s skyline provide a dramatic backdrop to a menu designed to take diners across India’s many culinary regions — from the fragrant biryani traditions of Awadh to the bold spice profiles of coastal kitchens.

At the heart of this new chapter is Chef Mukesh Joshi, a culinary craftsman whose career spans some of India’s most renowned hospitality institutions as well as prominent dining establishments in the Middle East.

Having honed his skills at luxury hotels such as The Westin and St. Regis Mumbai before leading kitchens in Dubai’s thriving Indian dining scene, Joshi is known for his ability to balance traditional flavours with contemporary finesse.

At Indiya, his philosophy is simple yet compelling: celebrate the authenticity of Indian cooking while creating dishes that encourage sharing and conversation.

The experience begins with a vibrant array of small plates that capture the playful spirit of India’s street food traditions. The crisp Sev Papdi Chaat offers bursts of sweet, tangy and spicy notes, while a generous Pakora Platter brings together an assortment of golden-fried fritters that evoke the comforting flavours of roadside tea stalls across the subcontinent.

From there, the menu moves naturally into the world of the tandoor — the clay oven that lies at the heart of many Indian kitchens. Among the highlights is the Hariyali Tandoori Gobi, where cauliflower is marinated in a fragrant blend of herbs before being charred to smoky perfection. Equally intriguing is the Rajma Galouti, a vegetarian reinterpretation of the famed Lucknowi kebab, delivering a melt-in-the-mouth texture that surprises and delights.

Seafood lovers will find much to savour as well. Jhinga Koliwada, a coastal delicacy of spiced prawns fried to a crisp exterior, offers a lively contrast to the delicately seasoned Rawa Fried Surmai. These dishes reflect Chef Mukesh’s confident handling of spice and texture — two essential pillars of Indian cooking.

No Indian dining experience would be complete without the ritual of sharing freshly baked breads, and Indiya’s basket arrives warm and inviting. Chilli Cheese Naan brings a playful modern twist to a classic favourite, while flaky parathas and stuffed Aloo Kulcha provide comforting companions to the restaurant’s richly spiced curries.

By Ifham Nizam

Continue Reading

Trending