Company Profile & Background
Introduction: Aitken Spence Hotel Holdings PLC, trading under the ticker AHUN.N0000, is a leading hotel operator based in Sri Lanka. It is a subsidiary of Aitken Spence PLC, one of Sri Lanka’s most respected and diversified conglomerates with interests spanning various sectors, including maritime and logistics, strategic investments, services, and tourism. Aitken Spence Hotel Holdings PLC is renowned for its extensive portfolio of high-end hotels and resorts, offering unique experiences in some of the most exotic locations across Sri Lanka, the Maldives, Oman, and India.
History and Evolution: Founded in the early 1970s, Aitken Spence Hotel Holdings PLC began its journey with the incorporation of Aitken Spence Hotels Ltd. The company commenced commercial operations with Triton Hotel (now known as Heritance Ahungalla) in 1981. Over the years, it has grown significantly through strategic acquisitions and the development of new properties.
Key milestones in its history include:
- 1994: Acquired a majority stake in Kandalama Hotel, a landmark eco-friendly hotel.
- 1996: Expanded into the Maldives with the acquisition of Bathala Island Resort.
- 2007: Entered the Indian market with Turyaa Chennai.
- 2016: Expanded into Oman with Al Falaj Hotel and Desert Nights Resort.
- 2019: Launched Heritance Aarah, the first ‘Heritance’ branded property overseas in the Maldives.
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