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Mahaweli Reach Hotel information


Mahaweli Reach Hotel
logo of the hotel
Map
General information
TypeHotel
Town or cityKandy
CountrySri Lanka
Coordinates7°19′31.0″N 80°37′52.0″E / 7.325278°N 80.631111°E / 7.325278; 80.631111
Opened1973; 51 years ago (1973)
Design and construction
Architect(s)Ashley de Vos
Other information
Number of rooms108
Number of suites4
Number of restaurants3
Number of bars1
Website
www.mahaweli.com
Company
Company typePublic
Traded as
CSE: MRH.N0000
ISINLK0118N00006
IndustryHospitality
Key people
  • M. U. Maniku (Chairman)
  • J. A. Panabokke (Managing Director)
RevenueIncrease LKR375 million (2022)
Operating income
Increase LKR(108) million (2022)
Net income
Increase LKR(176) million (2022)
Total assetsDecrease LKR1,724 million (2022)
Total equityDecrease LKR824 million (2022)
Owners
  • Universal Enterprises Pvt. Ltd (69.44%)
  • Freudenberg Shipping Agencies Ltd. (6.44%)
  • J. A. Panabokke (4.05%)
Number of employees
Decrease 201 (2022)
Footnotes / references
[1]

Mahaweli Reach Hotel, traded as Mahaweli Reach Hotels PLC, is a five-star luxury hotel in Kandy, Sri Lanka. The hotel is located on the banks of the Mahaweli River, hence the name. The hotel was founded in 1973 and in 1982, it was listed on the Colombo Stock Exchange. Mahaweli Reach became the first five-star hotel in Kandy in 2000. Universal Enterprises, a Maldivian resort operator has been the controlling shareholder of the hotel since 2002. Mahaweli Reach, a hotel with colonial architecture, was designed by Ashley de Vos.[2]

  1. ^ "Annual Report 2022" (PDF). cse.lk. Mahaweli Reach Hotels PLC. Retrieved 13 January 2023.
  2. ^ Pieris, Anoma (2013). Architecture and Nationalism in Sri Lanka: The Trouser Under the Cloth. Routledge. p. 212. ISBN 978-0-41563-002-3. Retrieved 21 July 2022.

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