The Cinnamon Lakeside Hotel will be partially closed for urgent repairs from 30 March till October 2015, says Trans Asia Hotels PLC.

Trans Asia Hotels PLC, the owning company of the hotel was incorporated in July 1981 as a Public Limited Liability Company and quoted on the Colombo Stock Exchange, with Insurance Corporation of Sri Lanka being the largest shareholder. At the commencement of its commercial operation on 15 August 1985, the hotel was operated under the name ‘Ramada Renaissance Hotel’ through a Management Agreement with “Ramada Pacific Limited.

In 1993, Insurance Corporation of Sri Lanka divested its equity and Asian Hotels Corporations Limited and Hotel Properties Limited of Singapore became the majority shareholders of the Company. With the cessation of the Management Agreement with Ramada Pacific Limited in September 1995, the hotel was re-named as “Trans Asia Hotel”.

In September 2003, with the acquisition of a majority shares of the Asian Hotels and Properties Limited by John Keells Holdings PLC (JKH) and the subsequent purchase of Trans Asia Hotel’s shares by JKH on the Colombo Stock Exchange, John Keells Holdings PLC and Asian Hotels Properties PLC became the largest shareholders of the hotel.

The hotel operated under the name “Trans Asia Hotel” till 2009. However, upon the unforeseen and unfortunate circumstances experienced by the hotel in February 2009, the hotel was closed for refurbishment for three and a half months. With the refurbishment, it was brought under “Cinnamon Hotels and Resorts” brand and the Hotel was re-opened in September 2009 re-branded as “Cinnamon Lakeside Colombo”. (Details courtesy Cinnamon Lakeside Annual Report)