Monday 16 February 2015

Waters Edge to invest Rs. 9 bn for mixed development

Gaffor Building to be ready soon

Waters Edge will introduce a dedicated Kids play area mid this year in their crusade to provide more facilities to the guests.

Waters Edge General Manager, Rohan Fernandopulle. Pictures by Salliya Rupaisnghe

Waters Edge General Manager, Rohan Fernandopulle said that Waters Edge is not only confined to the rich but affordable to all. "We have multi cultural weddings this is now in high demand."

He said that The Water Residencies will be ready by two and half years adding more value to the present property. Under this mixed development project the proposed hotel with an investment of Rs 9 billion will consist of 250 rooms including suites and luxury apartments thus making the venue a one stop shop for Meeting Incentive Conference and Exhibitions (MICE).

Under this mixed development project, a shopping arcade too will be constructed. He said that in addition they will also invest on adding more space to the existing Ballroom which is in great demand.

Commenting on the profits of the Waters Edge he said that they are aiming at a Rs. one billion revenue for 2015. "Of this 70% will be from hosting banquets. Staff also had average Rs, 40,000 per month as Service Charge which has come in for high praise."

The 70 room city hotel being built in the 100 year old Gafoor Building which is to be completed next year too will be managed by Waters Edge.

"This will be a colonial type all suite hotel which will be priced for around US$ 200." It would have three fine dining restaurants, a pub, pool and many other facilities"


Poised on the edge of serene water ways and framed by luscious green pastures dovetailed with pools filled with exotic water lilies, "Waters Edge" elucidates a picturesque tranquility in the capital of Sri Lanka. "Although this expansive estate was once rooted as 'members only', today Waters Edge has something for everyone," said Fernandopulle; Dining at the hotel is a gourmet experience with several dining options to choose from. Pranzo, the hotels Italian restaurant offers mouthwatering authentic Italian cuisine. From authentic Italian pizza, delicious pasta with flavorful sauces to the restaurants very own homemade ice cream, makes Pranzo the perfect dining venue.

The recently opend Drive through bakery too is another major draw to the venue. Essentials ratifies as the hotels patisserie, featuring the popular "grab and go" concept, offering fresh breads, juices, delectable cakes and sweet treats.

"The Boardwalk, located away from the main property, provides guests with a breathtaking view of the lake and a "must see" for all visitors, offering a casual lounge experience, with a selection of mouth-watering tapas and mains" said Director Sales and Marketing Thilanka Muthukumarana.

Waters Edge' was honored to be the recipient of the '5 STAR' International Property Award as the 'BEST LEISURE DEVELOPMENT - SRI LANKA'. The award was a testament issued by INTERNATIONAL PROPERTY AWARDS, (UNITED KINGDOM) to excellence in the property field, and the very innovation and high standards demonstrated by the world's leading property professionals. It also won several other awards.
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