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Colombo Stock Exchange Aitken Spence said its Indian arm has bought a brand new five-star

Rayala Group sells its Chennai five-star hotel for 150 crore

Rayala Group sells its Chennai five-star hotel for 150 crore
The Rayala Group has sold its five-star hotel in Chennai – ‘Reseda-The Fern’ – to Colombo-based hotel chain Aitken Spence Hotels for approximately Rs 150 crore ($25 million). Hinting at the purchase of ‘Reseda-The Fern’ five-star hotel in Chennai, Aitken Spence Hotels – which operates hotel chains in countries like India, Sri Lanka, Maldives, and [...] Continue Reading »



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