Aitken Spence on the brink of picking up their fourth Maldivian resort

May 18 (LBO) – Sri Lanka's Aitken Spence & Company is currently wrapping up a deal to pick up their fourth Maldivian resort, a top company official said Thursday. "We are at the final stages of signing an agreement to sub lease the Lohifushi in Maldives from their current owners," Malin Hapugoda, Managing Director of Aitken Spence Hotel Management told LBO.

Hapugoda declined to give further details but said the new property will not come under the group's five-star hotels, currently being re-branded.

Top-tier properties like Kandalama Hotel are being classified under the "Heritance' brand with Aitken Spence splashing few million dollars to spruce up these hotels.

Starting June, Triton Ahungalle in Sri Lanka will be officially launched as a five-star hotel after a 12 million dollar refurbishment programme.

Kandalama Hotel will follow suit with a new 6-million dollar face-lift as 'Heritance Kandalama'. The Tea Factory Hotel will also be revamped to meet international standards, Hapugoda said.

Top global spa brand Sixth Sense has also tied up with Aitken Spence, in a joint management deal to build a 125 million rupee exclusive 'Sixth Sense' s