Hayleys Group sells major share of Hunas Falls

Hayleys Group sold its controlling 66.2 per cent share of Hunas Falls Hotels PLC for Rs. 696.3 million to Serenity Lake Leisure Ltd in January.

Hayleys Group sold its controlling 66.2 per cent share of Hunas Falls Hotels PLC for Rs. 696.3 million to Serenity Lake Leisure Ltd in January. The stakes were held by Carbotels Ltd., (50.22%) and Amaya Leisure PLC (15.98%).

Serenity Lake Leisure is linked to TAD Holdings Ltd., a company founded by Toshiaki Tanka, Atheeq Ansar, and Dhanuka Samarasinghe in 2016, which operates as the local partner for several ventures with Japanese investments.

The sale of 3.72388 million shares was completed at Rs. 187 per share.

In 2017, Hunas Falls was awarded the ‘Most Romantic Hotel in Sri Lanka’ at the South Asian Travel Awards.

Hospitality Insider Issue 4