Thailand-based Minor International is to build more hotels in Sri Lanka in partnership with Hemas.
The company will also reopen two properties following their refurbishment and rebranding.
Minor International chief executive Dilip Rajakarier said the two firms will invest $25m in building a 160-room beach hotel on ten acres next to the Kani Lanka at Kalutara on Sri Lanka’s south-west coast.
The 105-room Kani Lanka in Kalutara is 80% owned by Minor and 20% by Serendib Leisure, and will reopen in August 2012 under the Avani brand.
The company’s first venture in Sri Lanka, the former Hotel Serendib in Bentota, was rebranded as the Avani Bentota Resort and Spa, and will open on 1 December 2011.
The hotel, which is 50% owned by Hemas unit Serendib Leisure and 20% by Minor International, was refurbished at a cost of LKR650m ($6m).