Minor International has secured a key investment in Sri Lanka, acquiring an 80.1% share in the Sri Lankan company- Cyprea Lanka whose assets comprise the Kani Lanka Resort & Spa, Kalutara, and an adjacent plot of land primed for the development of the Anantara brand.
The total acquisition and development investment is estimated at US$22 million.
Minor International leads the way with key investments in Sri Lanka, with its first foray into the market in 2007 with a 19.9% acquisition of Serendib Hotels.
The significant new investment serves to build upon the company’s existing presence in Sri Lanka.
Minor International will oversee the operation of the Kani Lanka Resort & Spa as part of the company’s ever increasing portfolio of global properties.
It also creates an ideal opportunity to introduce the Anantara brand to Sri Lanka.
William E Heinecke, Chairman and CEO of Minor International said, “We are delighted with this new acquisition on many levels. Firstly the investment enriches our foothold in Sri Lanka; a destination which we view as offering immense potential. Moreover the specific location of the pending Anantara property offers a perfect fit with the brand’s promise of immersing story collecting travellers in the world’s most enchanting settings through unique discovery experiences”,
