By Roy Silva
With the tourism sector booming, Richard Peiris Group is targeting the hospitality industry as one of the key industries for financing. Also the construction industry that is also booming where companies both big and small are involved in.
K. M. M. Jabir, CEO of Richard Pieris Arpico Finance Limited says that the Richard Peiris Group is also associated with the tourism sector.
“Already, the CEO and staff have been recruited to get into the sector. Our Group has a large number of estate bungalows which are being renovated as resort hotels. We also already have a plan to start a city hotel in Colombo and a 200-room hotel in Tangalle, the feasibility study of which has already been completed.
“In the Hyde Park corner area itself, Richard Peiris Group has purchased another adjoining building behind the Carmart premises. There a mixed development project of 54 stories is being planned. It will have over 467 apartments, a large banquet hall, state-of-the-art hospital, a big Super Centre and an office complex.
There too, the feasibility study is over and by next year, the project could take off. The cost of the project is around Rs. 20 billion,” said Jabir. A time frame of two to three years has been given for the completion of the project. At Tangalla, it will be a 200-room tourist hotel with a beach front and the 10-acre land has already been purchased. The feasibility study is on and the construction will begin soon after the mixed development project in Colombo.
With the tourism sector booming, Richard Peiris Group is targeting the hospitality industry as one of the key industries for financing. Also the construction industry that is also booming where companies both big and small are involved in.
K. M. M. Jabir, CEO of Richard Pieris Arpico Finance Limited says that the Richard Peiris Group is also associated with the tourism sector.
“Already, the CEO and staff have been recruited to get into the sector. Our Group has a large number of estate bungalows which are being renovated as resort hotels. We also already have a plan to start a city hotel in Colombo and a 200-room hotel in Tangalle, the feasibility study of which has already been completed.
“In the Hyde Park corner area itself, Richard Peiris Group has purchased another adjoining building behind the Carmart premises. There a mixed development project of 54 stories is being planned. It will have over 467 apartments, a large banquet hall, state-of-the-art hospital, a big Super Centre and an office complex.
There too, the feasibility study is over and by next year, the project could take off. The cost of the project is around Rs. 20 billion,” said Jabir. A time frame of two to three years has been given for the completion of the project. At Tangalla, it will be a 200-room tourist hotel with a beach front and the 10-acre land has already been purchased. The feasibility study is on and the construction will begin soon after the mixed development project in Colombo.
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