<< We drive responsible travel and tourism globally through our Travel with Purpose strategy and Hilton Effect Foundation. Hotel Developers (Lanka) Ltd (HDL) is a 100 % Government Owned, public listed Company owning Hilton Colombo. endstream endobj 364 0 obj <>>> endobj 365 0 obj >/PageWidthList<0 595.276>>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/TrimBox[0.0 0.0 595.276 841.89]/Type/Page>> endobj 366 0 obj [/Separation/PANTONE#202755#20C/DeviceCMYK<>] endobj 367 0 obj <> endobj 368 0 obj <>stream /Parent 2 0 R /Count 16 >> >> /Title (Overview) /Contents 59 0 R << >> %%EOF In Jan 1984 a Management Agreement was signed with Hilton International to manage the Hotel. /Count 2 /MediaBox [0.0 0.0 612.0 792.0] >> << Additionally, through a $1 million contribution from American Express to Jos Andrs World Central Kitchen (WCK), we partnered to provide healthy, freshly prepared meals to the frontline healthcare professionals who stayed at participating Hilton properties in cities across the United States during the coronavirus pandemic. 22 0 obj Please visit our dedicated Travel with Purpose website for more information on our programs, including our Travel with Purpose 2030 Goals and our 2020 ESG Report. endobj /MediaBox [0.0 0.0 612.0 792.0] >> 0000009146 00000 n /Contents 43 0 R /Count 15 >> 5 0 obj endobj /Parent 3 0 R Graze Kitchen, the buffet restaurant;[10] Curry Leaf, the Sri Lankan cuisine restaurant of the hotel;[11] Cafe Kai; Stella, a karaoke lounge; L.A.B; SunsetBlu and Emperor's Wok. 0000005309 00000 n /Title (Supplemental Schedules) As the finite-lived intangible assets that were recorded at the Merger become fully amortized, amortization expense will decrease. << endobj /F 2 endobj /Pages 2 0 R #1 Global Industry Leader on the Dow Jones Sustainability Indices for the past two years, $1M+ Donated in support of COVID-19 community response, 124,500 Team Members trained in anti-human trafficking, 1.6M+ Team Member volunteer hours since 2017. Redlands, . No.2 Sir Chittampalam A. Gardiner Mawatha. /Dest [8 0 R /XYZ null 749 null] ATE INFORMATION .INSIDE, Do not sell or share my personal information. All guest rooms and suites are complete with High speed wireless internet. [4] Hotel Developers (Lanka) was delisted from the Colombo Stock Exchange in 2020. /Resources 40 0 R /Dest [8 0 R /XYZ null 749 null] 9 specialty chefs to dazzle your taste-buds; Chinese, Italian, Indian, Japanese, Modern Australian, Sri Lankan, Thai, Turkish and Vietnamese. /Type /Page /Parent 2 0 R P=?#J^F!eY?2i8; G}~6@!,Ldl juJBtg|'iU_e`[ R .Z)K@fEo=mML,7 \~}T4;FV_n-K$$WY72>R4>"=N2*8.1yfQggWuO'@+e{%!0$sI3cpM`y?fgu*57D|Cf"cPc 1cqs&Drl_M}1Zsk[NA( #KBDC#Cd:1MkHwJ00f;ZsgSc|1bq1 SC7pMo2RG 1UH!z{WY'#gb6MH)tt(M}wdYUp*EoCzBjspV#O3 endobj endobj Hilton Colombo is a Hilton brand five-star luxury hotel in Colombo, Sri Lanka. 3 0 obj 0000012861 00000 n In addition to the steps that we took internally to strengthen our Diversity & Inclusion programs and support our Team Members, the Hilton Effect Foundation provided grants to nonprofits on the front lines of fighting for racial justice, including the NAACP and the National Urban League. 19 0 obj /Resources 45 0 R /Resources 48 0 R Experience the beautiful and comforting ambience of our restaurant at the Dutch Hospital Precinct that serves you a taste of Japanese cuisine right in the heart of Colombo. .,c-EYd&y?hW`L\J3um6%(WTVEXSN(Wn}BQej+GlcH-.aX.+7!:E=I7+Ujl2h*-OG3qUH;8M*rw!OvM1fFC,[u:QT0w/6 "E`RF)x_F?hf7& IeQ%^T;^"pZ_B]!Q8]]`k{(0)BT(d], z-lkm#9R<3rr$CKbydrI1Au Jgc`1ogE?FX;X_O:0|LH[r.Hx =4d]i"s!k{0m.fB. /Length 2944 /First 61 0 R A beautifully secluded poolside trattoria creates the ideal setting to savour the splendour of Italian cuisine. On 20th October 1983, the company changed its name to Hotel Developers (Lanka) Limited. Jetwing Colombo Seven (Colombo), Jetwing Surf (Pottuvil Point) and . /Version /1.4 43 of 2011. endobj /Resources 53 0 R /Outlines 3 0 R Download Annual Report Contact Us HOTEL DEVELOPERS (LANKA) LTD C/o Colombo Hilton, Echelon Square, No.2 Sir Chittampalam A. Gardiner Mawatha, Colombo 02. /Parent 2 0 R /ModDate (D:20211026134933+00'00') >> /Type /Page /Creator (Workiva) 2 0 obj /Dest [5 0 R /XYZ null 747 null] /Resources 42 0 R << 270 Mn which reflects the severe COVID-induced impact on Financial Statements for the financial year ending 31st December 2020. the hospitality sector. /Type /Page We believe that as the world recovers, the need for environmental and social leadership will be greater than ever, and we are committed to making a difference. The Hotel offers a fully equipped Business Center, a wide selection of meeting rooms, and flexible event venues. /Contents 44 0 R /Contents 52 0 R /Parent 3 0 R Though the hospitality industry was heavily impacted by the COVID-19 pandemic, Hilton was in a unique position to help those in need. << >> When the first local patient was discovered in mid-March 2020, the airport was closed immediately, and all passenger flights were terminated. D=3E2x d;x5}LjGx.c})\~uh [(Q[MX4LE{-GiFp;m"J0n._ Q+)nfTD8`y~ M6D;+mZCk3-^#cE>GdQBAZ*Th]YAs\ "a!TO. >> and Taisei Corporation on a fixed price turn-key basis. /Type /Pages /Count -6 /Resources 28 0 R /Parent 2 0 R /Contents 40 0 R 0000004473 00000 n /Author (anonymous) 0000003328 00000 n Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables wereremoved, added and changedby Hilton Worldwide Holdings Inc.. Hilton Worldwide Holdings Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes: If we are required to recognize impairment losses related to our depreciable assets or finite-lived intangible assets, the related depreciation or amortization expense, respectively, will decrease. << /Kids [5 0 R 6 0 R 7 0 R 8 0 R 9 0 R 10 0 R 11 0 R 12 0 R 13 0 R 14 0 R [2] The hotel was launched in 1987 and the 30th anniversary was celebrated in 2017. >> 29 June 2020 08:43 am - 0 - 1449. 0000004286 00000 n /MediaBox [0.0 0.0 612.0 792.0] /Contents 46 0 R The Government of Sri Lanka solely owns Hotel Developers (Lanka) Ltd and therefore, runs as a state-owned enterprise. /Type /Page "A village in the heart of the city", the Curry Leaf is Colombos most exclusive Sri Lankan and Seafood restaurant. To help solve this problem, five of our hotels in the U.K. partnered with Open Kitchens to store and distribute food to those in need. /Resources 49 0 R All the content on this website is copyright protected and can be reproduced only by giving the due courtesy to 'dailymirror.lk' Copyright 2004 Wijeya Newspapers Ltd. Food For Thought By Zara Esufally and Humaira Azee, The Perfect Finish The Fashion Edit by Silvia Sena. 21 0 obj /Dest [5 0 R /XYZ null 749 null] - 2 - 1721, 27 Apr 2023 Hotel Gaillardia, Colombo: 5 star city . << 43 of 2011. endobj [1] The company was listed on the Colombo Stock Exchange in 1984. [5], The operations of the hotel were temporarily halted after one of the staff members was tested positive for COVID-19. /MediaBox [0.0 0.0 612.0 792.0] 13 0 obj endobj /Last 59 0 R With the free, , guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. << /Title (2020 - Q4 Earnings Release) Hilton Colombo was constructed by a consortium comprising Mitsui & Company. /Contents 24 0 R Our CEO and Executive Committee review progress towards our 2030 Goals alongside other key business priorities during Quarterly Business Reviews. [7] In 2021, Hilton was named as one of the best places to work in Sri Lanka. /MediaBox [0.0 0.0 612.0 792.0] /Resources 56 0 R As demand from restaurants and caterers dwindled during the pandemic, food rescue organizations were faced with a surplus of donated bulk food and increasing community needs, but limited storage and preparation capacity. << 14. . 14 0 obj /C [0.0 0.0 0.0] /Type /Page ~4=y}6/8Ug8/~9$Qty'EQg=;k38s{0Nsn+=`q2.=>M{ ^$ yu?SeFfYJ/wo i}Laa Tg-Sp+-S,6_$ACq|iD8m3-{GQ*R)UCuUDy#m\!Ua.K|G7U?m H~2 $HaT#_e:X15!=T &EGQQ]B-a7O-I _Y(#qf1^gY`lmlwd"4JTb3j-Mix}fD%ib)Z58FD.i^ M"{OB endobj As travel returns and our hotels re-open for business, we will continue to reduce our footprint in line with our Travel with Purpose 2030 Goals. As a security for this guarantee, the majority of the shares was transferred to the government. /MediaBox [0.0 0.0 612.0 792.0] /Parent 2 0 R /Contents 27 0 R trailer /Annots [30 0 R 31 0 R 32 0 R 33 0 R 34 0 R 35 0 R] /MediaBox [0.0 0.0 612.0 792.0] Hilton, Colombo: 5-star city hotel, room rates approximately 10% higher than Cinnamon Lake View, older facilities. /Contents 48 0 R Risk Factors" of Hilton's Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and Redesigned with an urban park theme, electric style meets an impressive lotus pond view vista. /Type /Page The decrease in depreciation and amortization expenses was primarily due to a decrease in amortization expense, driven by the full amortization of certain software project costs during 2021 and 2022. endobj << xZ[oGJ.jb "63;{R+qIHBV:gN^wnc|(yIad2 /Type /Page 3 0 obj (X3] >S 6F7;q`6%Ce>R#=T6g) o/T@9~4}-}c%7A w33H "c% ~&*y(T;~}7wofMl-[t|]WgTR]kEf&qg=TiNusY6O+PU?g%A&oTS"; (4 A new Management Agreement was signed in Oct 2012 and in terms of which, HDL has undertaken to refurbish Hilton Colombo. /Contents 42 0 R x\o`) K#)!Mi{F0im)(C1s;Hys00R3jx129AS12;^G"u47~dL7>.~|^hWSxQ22[Z_e/ P^uB3ff:*^V^@ ^OZ=2~7UU:cn/28 ~-+ To learn more about Hiltons community grantmaking, visit our dedicated Hilton Effect Foundation website. >> << 0000011098 00000 n /Parent 2 0 R /Resources 24 0 R d*UUX) Oo^rH#V\t7EcK%yUv 0000012534 00000 n << When the pandemic hit, our hotels and corporate offices around the world worked to identify local organizations and communities in need, and quickly deployed their services. /Annots [31 0 R 32 0 R 33 0 R 34 0 R 35 0 R 36 0 R] The national coffers are reported to have incurred huge losses when implement, The MV X-press Pearl disaster is considered one of the biggest disasters in m, Five years have passed since anti-Muslim violence erupted in the Amparai/Ampa, Shanthi Pushparaja (Real name withheld), mother of three children who was tak, 28 Apr 2023 milespointstravelkom wrote a review Feb 2020. 0000000016 00000 n << /Type /Page 14 0 obj /Contents 47 0 R 0000003195 00000 n /Contents 37 0 R /Parent 2 0 R /Parent 2 0 R 23 0 obj As one of the worlds largest hospitality companies, Hilton recognizes the important role we play in protecting our communities and the planet for future generations. To mark the occasion, a stamp and a first day cover were issued by the Sri Lanka Post. << endobj /F 2 8, Exhibit 23.1: Consent Of Ernst &Amp; Young Llp. /MediaBox [0.0 0.0 612.0 792.0] I had booked a 2 bedroom suite for 1 night with 40,000 Hilton points. endobj /First 20 0 R '_=pu{/s`f25hTp8/["bJR3IA2baOZ coE+] 'zuI"*Z(/^ ?"M6r2]#8+u:_)^7t}]$KDwZ5K9;A9}u|!,jK4*]:$h!%C8U\, In17xp`8asYE7SXEg90BAY. Through the award-winning guest loyalty program Hilton Honors, the more than 158 million members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy. /Type /Catalog endobj 12 0 obj >> << << Downloads | Hilton 2020 Annual Report Skip to Main Content (Press Enter) 2020 Annual Report InnovationValueOpportunityImpactCEO & CFO MessagesBrandsStockholder InformationDownloads CEO & CFO MessagesBrandsStockholder InformationDownloads Downloads 2020 Annual Report2021 Proxy2020 10-K InnovationValueOpportunityImpact /C [0.0 0.0 0.0] stream /Producer (Wdesk Fidelity Content Translations Version 005.005.003) About Us Hotel Developers (Lanka) Ltd (HDL) is a 100 % Government Owned, public listed Company owning Hilton Colombo. 0000007600 00000 n 11 0 obj /Resources 38 0 R %PDF-1.4 % The Hilton Buenos Aires donated breakfasts to medical staff at a local hospital. 0000008361 00000 n 0 In November 2011, all shares of the company were vested with the government in terms of Revival of the Underperforming Enterprise or Underutilized Assets Act No. /Parent 2 0 R /Parent 2 0 R 0000009547 00000 n 20 0 obj hXkPS> U.jjta@dAd B4\" utSgmJ1n;;wn9Lfw{/w& 1L4c8SbGI0_^c zHb4=&04%\)f~iGE4k]A+*4d/"BOJbEE}dW4/;wC+,H9UoUQe4W0A$fqbG8HJ~o/j.u.~%*7,1 stream >> In alignment with our science-based targets, we also took several steps to increase our sourcing of renewable energy at our hotels around the world. endstream endobj 369 0 obj <>stream << << startxref ]\EN:H6@1|oMILCL_rR. >> Emerging Trends that are Innovating the Travel Experience A report by Hilton. /Contents 56 0 R The hotel is owned by Hotel Developers (Lanka) Ltd. Annual Report . - 4 - 2336, 26 Apr 2023 It is our unique signature Hilton service that keeps our guests returning to our property for every special occasion. The design plans were developed by Kanko Kikaku Sekkeisha, Yozo Shibata Associates, a leading firm of Japanese architects. /Contents 38 0 R endobj orCR7e'u},GrR8ABYFETkMC#-'#:a]J?"!]? << Since its commencement, the company has had a troublesome history. /C [0.0 0.0 0.0] ;q3r^#2qHqX%Tr$eAXS:{onWwiE9[((9v+e2v)//g9wi2M@o)!ssER9eqTAg^W8*P6XD M(P~ w* n}Tk^?$Z`t.#h@J 4+U'Kikc~L!i%p(:g5#|>v0hs;M9^'`J 4VT/V=Mo%~BlbQ]5LQRem{1d4@b>asab1i]QK/ :5T]i,nPrGDtl'vJPhAiT ;tjlR"bZ7;l@{|RKc"A.f5ZVg6hnU5;GMDwEw\Fb&nU2.CPMJGL?CoU*V~[N^]H]iztha'U^ i3'E|hG`VNu-h Crp)RnCS~Lcss;3Un'VE_FgrH6!&NWa#dPf4`|wg0 << Our hotels and corporate offices around the world sprang into action to help those affected by the pandemic. The hotel was launched in 1987 and the 30th anniversary was celebrated in 2017 with an issuance of a stamp and a first day cover. << >> /Resources 52 0 R 5 0 obj - 0 - {{hitsCtrl.values.hits}}. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed more than 3 billion guests in its more than 100-year history, earned a top spot on Fortune's 100 Best Companies to Work For list and been recognized as a global leader on the Dow Jones Sustainability Indices for six consecutive years. %PDF-1.4 << 15 0 obj 0000010341 00000 n [8], The hotel is located next to the World Trade Center Colombo and has 382 rooms and 36 suites. << endobj 9 0 obj /MediaBox [0.0 0.0 612.0 792.0] >> Located about 30 minutes from Colombo International Airport, this hotel has huge rooms that are more like serviced apartments. 8 0 obj Language links are at the top of the page across from the title. >> >> hotel project. /Parent 2 0 R endobj >> /Resources 27 0 R >> /Prev 20 0 R A quarterly TWP dashboard is also distributed to all Hilton leadership, including General Managers at managed hotels. /MediaBox [0.0 0.0 612.0 792.0] /Type /Page >> As the promoters of the hotel did not have the means to finance the construction of the hotel, the Government of Sri Lanka had to provide a guarantee of the payment of a yen-loan worth LKR1.3 billion. endobj /Contents 36 0 R Corporate Team Members assembled more than 15,000 Clean the World hygiene kits for organizations in Memphis, Dallas and Washington, D.C. And members of our Hilton Reservation and Customer Care team used their customer service skills to connect with homebound seniors in partnership with Meals on Wheels. 0% found this document useful, Mark this document as useful, 0% found this document not useful, Mark this document as not useful, Save Hilton_Colombo_Annual_Report_2020 For Later. /CreationDate (D:20211026134933+00'00') /Parent 2 0 R endobj << /First 58 0 R The 27th annual Oktoberfest was organised in 2019 by the hotel. The Net Loss after tax increased from Rs. 10 0 obj >> https://last10k.com/sec-filings/hlt/0001585689-23-000036.htm. /Last 22 0 R /Count -6 Through the award-winning guest loyalty program Hilton Honors, the more than 158 million members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy. /MediaBox [0.0 0.0 612.0 792.0] 0000006069 00000 n Rooms were made available to doctors, nurses, EMTs, paramedics and other frontline medical staff who needed a place to sleep, recharge or isolate. Among other factors, declines inRead more, We capitalize costs associated withRead more, Other non-operating income, net consistsRead more, As such, American Express resumedRead more, A change in these assumptionsRead more, EBITDA and Adjusted EBITDA areRead more, Operating Activities The increase inRead more, The increase in interest expenseRead more, Actual results may differ significantlyRead more, Overall, leisure transient was theRead more, Incentive management fees increased asRead more, The success and sustainability ofRead more, Refer to "-Revenues" for furtherRead more, The increase in other revenuesRead more, The currency neutral increase inRead more, Other Items Effect of foreignRead more, Growth and maintenance of ourRead more, Consideration provided to incentivize hotelRead more, Investing Activities Net cash usedRead more, Despite these temporary suspensions ofRead more, Other support expenses include: costsRead more, Represents amounts that are contractuallyRead more, Food and beverage costs includeRead more, Key Business and Financial MetricsRead more, Additionally, changes in depreciation expenseRead more, These are non-cash expenses thatRead more, We recognize revenue for pointRead more, Additionally, we incurred increased expensesRead more, System Growth and Development PipelineRead more, After considering our approach toRead more, ADR measures the average roomRead more, While these objectives have notRead more, We believe that the followingRead more, While results were less predictableRead more, Loss on debt extinguishment relatedRead more, Debt and Borrowing Capacity AsRead more, In determining the fair value,Read more, Although all periods included inRead more, Further, the estimates and assumptionsRead more, Room expenses include compensation costsRead more, The increase in cash providedRead more, Consumer demand for our productsRead more, Revenues During the year endedRead more, The effectiveness of any cost-cuttingRead more, We have a long-term investmentRead more, Management has discussed the developmentRead more, Also, declines in hotel profitabilityRead more, Hilton Worldwide Holdings Inc. provided additional information to their SEC Filing as exhibits, Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not, Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news, Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q, Remove data columns and navigations in order to see much more filing content and tables in one view, Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q, Export Annual and Quarterly Reports to Adobe Acrobat (PDF), Microsoft Word (DOCX), Excel (XLSX) and Comma-Delimited (CSV) files for offline viewing, annotations and analysis, Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity, See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years, Use our calculated cost dollar values to discover when and how much registered owners BUY, SELL or excercise their company stock OPTIONS aggregated from Form 4 Insider Transactions SEC Filings, View which hedge funds, pension / retirement funds, endowments, banks and insurance companies have increased or decreased their positions in a particular stock.
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