LOLC group controlled, Browns Investments PLC owned Browns Hotels & Resorts is ambitious on the completion and success of the company’s Maldives expansion and the projects, the latest annual review of the Browns Investments group highlights.

“We are also pleased to report the success of our ventures overseas, namely to the Maldives. Nasandhura Maldives is planned to be a luxury city hotel with 150 rooms, 150 apartments and a sophisticated retail mall, and this project is now nearing completion” the report notes. According to the company this is a flagship property and they have every confidence that once completed, it will become an iconic development in Male city.

Another project in progress on the island of Bodhufarufinolhu, is in the Raa Atoll, Maldives. And the company notes that the resort is planned to feature a choice of four villa categories and thus will be very different to other Maldivian properties, offering world-class resort features and accommodation to every guest.

“We are also in the process of constructing two luxury resorts near the Maamigili Domestic airport, on the island of Bodufarufinolhu in the South Ari Atoll. The resorts each have 100 rooms and are located on adjoining islands of around five hectares each, in an environmentally protected zone” the report further highlights in its review.

Meanwhile the company notes that amidst Sri Lanka’s tourism and leisure sector’s excellent performance and the number of tourist arrivals to the country continues to break records as it has done every year for the last four years, some years ago Browns Investments PLC perceived the massive potential of the Sri Lankan leisure sector and entered the booming industry through a series of investments into key destinations across the island. The company’s four properties in operation had witnessed increase in occupancy during the year, whilst Samudra Beach Resorts construction is nearing completion.

Browns Investments PLC (BI) owns six leisure properties in Sri Lanka, namely Eden Resort & Spa, a five star property, which is located along the golden mile in Beruwala; the Samudra Beach Resort and Riverina Resort which are under construction, located further down the coast; The Dickwella Resort & Spa and the Calm Resort & Spa located in the deep-south and east coast respectively, and The Paradise Resort & Spa located in Dambulla. The Maldives investment comprises of three resorts and a city hotel which are under construction.

- Reporting by Devendra Francis