Upgraded Hotel Dolphin ready for season
Oct 4, 2010 8:00:00 PM - aussieindolanka.com
Serendib Leisure Management Ltd targets a turnover of Rs 500 million this financial year. The company also targets Rs 650 million in next financial year through their newly refurbished Club Hotel Dolphin in Waikkal.
Hemas’ Club Hotel Dolphin in Waikkal underwent a Rs 530 million refurbishment from May to September this year. Out of the total investment, Rs 370 million was from borrowings while the balance was from the company. The hotel is endowed with a dual personality with a vibrant active play side and a peaceful and quiet pause side, Serendib Leisure Management Chairman Abbas Esufally said.
The hotel recorded a turnover of over Rs 364 million with a profit (before tax) of Rs 72 million. "We expect a turnover of Rs 500 million during this financial year and hope to increase it to Rs 650 million in the next financial year," Esufally said.