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Sri Lanka’s Aitken Spence drops deal with Six Senses

Jan 04, 2013, (LBO) - Sri Lanka's Aitken Spence, said it had dropped plans to build a hotel with Six Senses, an international hotel chain and the Favourite group, a domestic firm.
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Aitken Spence said in 2010 that is was planning to build a 35 million US dollar resort and spa with beachfront villa on a 10.
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5 acre land in Ahungalle, where the group already has one hotel.

The firm said in a stock exchange filing Friday that it had decided to terminate the agreement and the move will not have any impact on its results.

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Six Senses, Soneva and Evason were brands founded by entrepreneur Sonu Shivdasani.



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In February 2011 reports said Six Senses had pulled out of plan to develop a hotel in an islet in Sri Lanka's north western coast and put on hold a project in Jordan.

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In April 2012 Shivdasani sold Six Senses and Evason brands to a US based Pegasus Capital Advisors, a private equity firm.

Sri Lanka's tourist arrivals had been growing since the end of a 30 year war in 2009.

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After clocking up a million visitor in 2012, tourism authorities are targeting 1.2 million visitors for 2013.
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