Pegasus Reef Hotel Wattala, the first five star hotel in Sri Lanka is investing over Rs. 215million to refurbish the hotel after a lapse of a decade.The refurbishment is currently underway and the owning company, Carsons Management Services, which also own and operate the Giritale Hotel, will add 78 deluxe rooms and four suites with jaquzies and other modern facilities under this investment.
The suites are also offered to both local and foreign honeymoon couples. With the current 42 rooms that are in operation, the hotel inventory will increase to 124 keys. It will be maintained as a four star hotel.
Hotel's General Manager Harsha Jayasinghe said that with several famed international players opening up hotels in the city they too wanted to compete with them.
"This is why we are investing and refurbishing the hotel to offer five star standard to guests and be the best hotel in Colombo.."
He said that the hotels' main income was from banquets for which the hotel has made a reputation for the past four decades.
"We can accommodate over 500 guests and could even offer facilities to cater to two functions of 200 to 300 guests in each venue. In addition there are conference facilities with multimedia for another 100 guests."
The hotel is one of the largest hotels in Sri Lanka boasting of 11 acres and there are plenty of recreation facilities including two synthetic tennis courts, squash courts, modern gym and indoor sports.
"This is the only tennis court after Colombo upto Negombo and we offer them to school children and visitors as well."
Due to the demand of their Sunday buffet which is almost sold over every Sunday, the hotel has also introduced 'The Fishery', an outdoor restaurant overlooking the sea where one could see two harbours. (Colombo and Fisheries harbor) This has been built to cater to 200 guests and with the large garden and live cooking; it's very popular for private functions.
The hotel also boasts of a large garden which can accommodate over 4,000 visitors and is a popular pick for host 'mega' outdoor events in the beach. Mrs. World and Miss World and similar high profile events were hosted at Pegasus Reef Hotel, Wattala.
The hotel currently being operated with 42 rooms is maintaining over 60% occupancy and with the new wing to be ready by November this year both revenue and occupancy will further increase.
"We see a growing market from Indian, Japanese and Chinese markets and also a very big response form online bookings. The hotel has also been winning several international awards including the Trip Advisor and Holiday Check award. Pegasus is among the exclusive holders of ISO 14001:2004 and OHSAS 18001:2007 certifications.
The General Manager counts over two decades in the hospitality field having started in the F&B department in Cyprus and Holland and moving out to Germany, Austria, Luxemburg and Asia.
Chief Accountant Kapila Gunatilleke said the investment is made from profits generated with the hotel. "We don't have any borrowings." The current refurbishment programme commenced last June and will be ready for the 2016 winter season.
(SS)
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