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"It is evident that we were offered the management of Grand Palace and Spa as we have established our presence in India," says Malin Hapugoda managing director of Aitken Spence Hotels said.
"Further we have been recognized for our ability to identify the potential in existing properties and transform them into star class, award winning hotels.
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"This partnership will enable us to further consolidate our presence in South India," chief executive of Aitken Spence Hotel Managements in India Lakshman Ekanayake said in a statement.
The firm now manages Atithi in Puducherry, Poovar Island Resort, on the backwaters of Kerala, Barefoot at Havelock in the Andaman Islands and Tamara in Coimbatore.
Grand Palace Hotel in Yercaud is a hill resort with the Yercaud Lake on one side and Killiyur valley on the other.
The name is derived from "Yeri" meaning "lake" and "Kaadu" meaning "forest" in Tamil.
"The tourism industry in India has tremendous potential and we are glad to increase our