John Keells Hotels PLC (KHL), a subsidiary of the country’s largest conglomerate, John Keells Holdings PLC (JKH) will be demolishing the Bentota Beach Hotel, one of the masterpieces of the legendary Sri Lankan Architect Geoffery Bawa, next month, for recreation at a cost of around Rs.4 billion. ... JKH currently has Rs.84.28 billion in short-term investments and cash, although it has commitments for three other hotel constructions, including the mega-project Cinnamon Life, which exceeds Rs.100 billion, for which around half the funds were raised through a syndicated loan in 2015.
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