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Aitken Spence history
Aitken Spence company history timeline
In 1918, Aitken Spence purchased the Freudenberg Building in Colombo, and made it its company headquarters having renamed the building as Lloyds Building.
In 1955, Clark Spence & Co. opened its own press to service its internal printing needs in Galle.
In 1972, it began to offer shares to its executives, thereby broad basing its ownership.
Heritance Ahungalla, formerly known as Triton, is Sri Lanka's first five-star beach resort—launched in 1981 in Ahungalla, a town in southern coastal belt of Sri Lanka.
The company eventually moved on from this model and in 1983 offered its shares to the general public on the Colombo Stock Exchange with an issued share capital of Rs.
Aitken Spence also provides elevator services acting as the agent for OTIS Elevators (part of United Technologies Corporation) in Sri Lanka and Maldives since 1989.[151]
Adaaran Prestige Vadoo resort, acquired by Aitken Spence in October 2007 is the latest addition to the Group's resorts in Maldives.
Aitken Spence opened its School of Hospitality in November 2007 at Ahungalla, Sri Lanka with the assistance of the Austrian Chamber of Commerce and Hilfswerk to bridge the skills gap in the tourism sector.
In 2007, Aitken Spence in partnership with Port of Singapore Authority submitted a joint bid to build and operate the South Container Terminal of the Colombo Port Expansion Project.
In 2010, in continuing its partnership with Ceyline Group, Aitken Spence invested in CINEC, Sri Lanka's largest private higher education institution.
In July 2011, the Group rebranded the hotel as Heritance Ayurveda Maha Gedara after a major renovation wherein the hotel was converted to an Ayurveda wellness resort.
In February 2012, Heritance Tea Factory was also recognized by the Pacific Asia Travel Association(PATA) with the Grand Award, first Sri Lankan hotel to be so recognized, in the Heritage and Culture category.
In April 2013, shares of Aitken Spence Plantation Managements Ltd was introduced to the Colombo Stock Exchange.[186]
Aitken Spence has announced its plans to commence the IT component of the program in September 2013.
In September 2014, Aitken Spence acquired a strategic stake in Amethyst Resort, Passikudah with the management rights.
In March 2015, Aitken Spence acquired "Aarah", another island property in Maldives in Raa Atoll, to develop a 163-room, USD $ 50mn resort, having received Maldivian Government's approval to expand buildable area in Maldivian archipelago.[106][107][108]
In May 2015, Aitken Spence obtained the lease for the Raafushi Island in the Noonu Atoll to build a four star resort.[111][112]
In 2016, Hotel RIU Sri Lanka came on board with its 501 roomed partenership venture with Spanish Hotel Dveloper and Operator RIU Hotels.
In 2017, Heritance Ayurveda Maha Gedara, was accoladed with the internationally recommended Travelife for Hotels and Accommodations Gold Certification for the hotel's commitment to sustainability and ethical business practices.
The property obtained the “5-Star Deluxe” classification in 2017, ranking it as one of five hotels in Chennai to have obtained this highly sought after accreditation.
During the first quarter of 2018, the government decided to extend the purchasing of the thermal power for three more years as the country had four seasons of back-to-back dry spells, which exhausted reservoirs and the crucial catchment areas.[171]
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