Cinnamon Lakeside Colombo Explained

Cinnamon Lakeside Colombo
Building Type:Hotel
Location City:Colombo
Location Country:Sri Lanka
Hotel Chain:Cinnamon Hotels & Resorts
Number Of Rooms:346
Number Of Suites:20
Number Of Restaurants:5
Number Of Bars:3
Embedded:
Embed:yes
Trans Asia Hotels PLC
Type:Public
Key People:Krishan Balendra (Chairman)
Revenue: LKR3,569 million
Revenue Year:2023
Operating Income: LKR92 million
Income Year:2023
Net Income: LKR(97) million
Net Income Year:2023
Assets: LKR8,657 million
Assets Year:2023
Equity: LKR5,942 million
Equity Year:2023
Num Employees: 601
Num Employees Year:2023
Parent:Asian Hotels and Properties
Footnotes:[1]

Cinnamon Lakeside Colombo, trading as Trans Asia Hotels PLC, is a five-star luxury hotel located in Colombo, Sri Lanka. The hotel is listed on the Colombo Stock Exchange and John Keells Holdings owns a stake of 92% of the company's shares, 48% directly and 43% through its subsidiary Asian Hotels and Properties PLC. Cinnamon Lakeside Colombo has 346 rooms including 20 suites.

History

The company was incorporated in 1981 as a public limited company. The hotel commenced its operations in 1985 and was originally known as the Ramada Renaissance Hotel. In 1995 the name was changed to Trans Asia Hotel.[2] In 2003, John Keells Holdings acquired a controlling stake of the company and in 2009, the hotel is rebranded as Cinnamon Lakeside Colombo.[3] During the Commonwealth Heads of Government Meeting 2013, some of the heads of State stayed at the hotel with no public access during this period.[4] In 2019, the hotel was ranked 11th of the top 25 properties in Sri Lanka in Tripadvisor's Travellers' Choice Awards.[5] The company is managed as a chain hotel of Cinnamon Hotels & Resorts brand and is a subsidiary of Asian Hotels and Properties PLC while John Keells Holdings is the ultimate parent company.[6]

COVID-19 pandemic

In January 2021, Cinnamon Hotels & Resorts announced the appointment of Kamal Munasinghe as the General Manager of Cinnamon Grand Colombo and Cinnamon Lakeside Colombo.[7] On March 7, 2021, the health authorities have permitted to resume operations during the COVID-19 pandemic, earlier a few staff members have contracted the virus while off duty.[8] The company launched "Flavours by Cinnamon", an online food ordering platform in April 2021.[9] The Cinnamon Hotels launched the "Meals that Heal" program, a food donation initiative with the help of the Sri Lanka Police. Under this program, the company will distribute 2,000 food packs daily for 14 days to the community the company operates.[10]

Amenities

The hotel has 346 rooms with 20 suites and eight restaurants: Royal Thai, Long Feng, the Library, ColomBar, Goodies, Pool Bar, and The Lounge. The hotel also houses the largest swimming pool in Colombo, tennis and squash courts and a gymnasium. In 2012, the hotel launched the 8° on the lake, a floating event venue on the Beira Lake. The venue could accommodate 100 guests at a time.[11]

See also

External links

Notes and References

  1. Web site: Annual Report 2022/23 . cse.lk . Trans Asia Hotels PLC . 24 May 2023.
  2. News: Cinnamon Lakeside Hotel partially closed for repairs . 18 July 2021 . adaderana.lk . . 30 March 2015.
  3. News: Sri Lanka Trans Asia hotel to be re-branded . 18 July 2021 . Lanka Business Online . 23 April 2009.
  4. News: Dias . Sunimalee . World leaders to stay at Hilton, Cinnamon Lakeside . 18 July 2021 . . Wijeya Newspapers . 18 August 2013.
  5. News: Cinnamon Lakeside wins TripAdvisor award . 18 July 2021 . dailynews.lk . . 22 February 2019.
  6. Web site: Annual Report 2018/19 . cse.lk . Trans Asia Hotels PLC . 18 July 2021.
  7. News: Cinnamon Hotels & Resorts appoints Kamal Munasinghe as General Manager for Cinnamon Grand Colombo and Cinnamon Lakeside Colombo . 18 July 2021 . dailynews.lk . . 28 January 2021.
  8. News: Cinnamon Lakeside Colombo cleared to resume operations . 18 July 2021 . Colombo Gazzette . 7 March 2021.
  9. News: Cinnamon’s City Hotels launch online restaurant delivery platform with award-winning restaurants . 18 July 2021 . DailyFT . . 8 April 2021.
  10. News: Flavours by Cinnamon Food Delivery launches ‘Meals that Heal’! . 18 July 2021 . dailynews.lk . Associated Newspapers of Ceylon . 5 June 2021.
  11. News: Cinnamon Lakeside launches Colombo’s first floating leisure facility . 18 July 2021 . The Sunday Times . Wijeya Newspapers . 15 January 2012.