hilton colombo annual report 2020

/Producer (Wdesk Fidelity Content Translations Version 005.005.003) 16 0 obj /Contents 37 0 R endobj c?J tUb;g%UiQc&n-vu>Enu)6lnmAQRkIOH=-T\P#%|9?7H#%[}"_PgNcVUh.GWzCaWe;2go}3_hCWDZ/_lj>x#H5Y /Version /1.4 /Resources 54 0 R >> /Type /Page ;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 endobj /First 21 0 R Hilton, Colombo: 5-star city hotel, room rates approximately 10% higher than Cinnamon Lake View, older facilities. /Resources 43 0 R /Parent 2 0 R 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. 16 0 obj Hotel Developers (Lanka) Ltd (HDL) is a 100 % Government Owned, public listed Company owning Hilton Colombo. /Title (Overview) .,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. >> Further, the company stated that the Treasury would continue to hold the 100 percent issued shares of thedelisted entity. /Filter /FlateDecode /Type /Page - 1 - 1286, 28 Apr 2023 >> /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 HdM\!} << Jetwing Colombo Seven (Colombo), Jetwing Surf (Pottuvil Point) and . /Resources 55 0 R 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. 17 0 obj /MediaBox [0.0 0.0 612.0 792.0] << /Dest [5 0 R /XYZ null 747 null] endobj Full name: Hotel Developers (Lanka) Plc Profile Updated: July 26, 2022 Buy our report for this company USD 19.99 Most recent financial data: 2019 Available in: English Download a sample report Hotel Developers (Lanka) Limited owns and operates Hilton Colombo, which is a 384 room hotel. << 6 0 obj It is our unique signature Hilton service that keeps our guests returning to our property for every special occasion. /Type /Page << << /Resources 46 0 R endobj /Parent 2 0 R /Count 2 Hilton Honors members were also invited to donate their Points to the social justice charities of their choice. 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. Because of these limitations, EBITDA and Adjusted EBITDA should not be considered as discretionary cash available to us to reinvest in the growth of our business or as measures of cash that will be available to us to meet our obligations. /C [0.0 0.0 0.0] /Contents 41 0 R Impact | Hilton 2020 Annual Report Strength Where It Matters Positive Social and Environmental Impact DoubleTree by Hilton Hotel Alice Springs, Australia As one of the world's largest hospitality companies, Hilton recognizes the important role we play in protecting our communities and the planet for future generations. 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. endobj The Hilton Buenos Aires donated breakfasts to medical staff at a local hospital. 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. /Resources 50 0 R The Treasury holds 100 percent shares of the company being the sole shareholder of it. /Length 2015 /Resources 37 0 R endobj /MediaBox [0.0 0.0 612.0 792.0] << Redlands, . The hotel is owned by Hotel Developers (Lanka) Ltd. << Hilton is committed to expanding its global hotel network through its development pipeline and relationships with third-party hotel owners, franchisees and developers. /Contents 38 0 R Hilton has introduced several industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. 19 0 obj Download Annual Report Contact Us HOTEL DEVELOPERS (LANKA) LTD C/o Colombo Hilton, Echelon Square, No.2 Sir Chittampalam A. Gardiner Mawatha, Colombo 02. 21 0 obj <<2AE3975A7CD9424FBAF5C8BC78CE4237>]/Prev 859176>> 21 0 obj /Title (Overview) On 20th October 1983, the company changed its name to Hotel Developers (Lanka) Limited. /F 2 >> Emerging Trends that are Innovating the Travel Experience A report by Hilton. 12 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. 12 0 obj << orCR7e'u},GrR8ABYFETkMC#-'#:a]J?"!]? In November 2011 the entire shares of the Company was vested with the Government in terms of Revival of the Underperforming Enterprise or Underutilized Assets Act No. /Resources 42 0 R - 3 - 536. >> /Next 22 0 R /Parent 2 0 R << /Contents 28 0 R /F 2 Our hotels and corporate offices around the world sprang into action to help those affected by the pandemic. In the wake of several acts of egregious racially motivated violence in 2020, Hilton condemned racism and discrimination in all forms, and encouraged our Team Members to stand up against social injustice. /Resources 24 0 R 18 0 obj The land on which the hotel was built was leased from the Land Commissioner General's Department, and due to the non-payment of the land lease, the land lease was cancelled and the land was reverted. << Hilton Colombo was constructed by a consortium comprising Mitsui & Company. 22 0 obj << endobj In March 2020, Hilton suspended share repurchases and the payment of dividends to preserve capital and maintain liquidity. >> << << /Count 15 15 0 R 16 0 R 17 0 R 18 0 R 19 0 R] << Redesigned with an urban park theme, electric style meets an impressive lotus pond view vista. >> /MediaBox [0.0 0.0 612.0 792.0] /MediaBox [0.0 0.0 612.0 792.0] /Type /Outlines /MediaBox [0.0 0.0 612.0 792.0] 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. *Improvement in these measures is partially attributable to the reduction in system-wide occupancy as a result of the COVID-19 pandemic. << >> >> /Type /Page As the finite-lived intangible assets that were recorded at the Merger become fully amortized, amortization expense will decrease. The 27th annual Oktoberfest was organised in 2019 by the hotel. << 4 0 obj [4] Hotel Developers (Lanka) was delisted from the Colombo Stock Exchange in 2020. No.2 Sir Chittampalam A. Gardiner Mawatha. 2021 Annual Report About Hilton Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 19 world-class brands comprising more than 7,100 properties and more than 1.1 million rooms, in 123 countries and territories. /Contents 50 0 R (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 /MediaBox [0.0 0.0 612.0 792.0] 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. /MediaBox [0.0 0.0 612.0 792.0] 8 0 obj 0000012534 00000 n /Last 59 0 R 0000011098 00000 n /Parent 2 0 R 0000005309 00000 n << On March 15, 1983, Lanka Japan Hotels, a public limited liability company was incorporated under the Companies Act to implement the Colombo Hilton endobj % 2 0 obj /MediaBox [0.0 0.0 612.0 792.0] - 4 - 2336, 26 Apr 2023 << 5 0 obj /Parent 2 0 R /CreationDate (D:20210216215732+00'00') 0000008361 00000 n 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. The Hilton London Metropole, Hiltons largest hotel in the U.K., served as a community kitchen, and in 2020 the hotels chefs prepared over 30,000 meals for distribution to the homeless, children who rely on free school meals, the elderly and those living in isolation. [9] The hotel has seven dining and entertainment venues. /Resources 28 0 R /Contents 43 0 R We drive responsible travel and tourism globally through our Travel with Purpose strategy and Hilton Effect Foundation. /Type /Page /Creator (Workiva) /MediaBox [0.0 0.0 612.0 792.0] /Last 21 0 R /Contents 44 0 R In 2020, the Hilton Effect Foundation awarded 23 Hilton Effects Grants to organizations driving inclusive COVID-19 recovery and community resilience. 325 Mn Despite the challenges presented by the COVID-19 pandemic, we remain fully committed to creating long-term value for our business and our stakeholders through our Environmental, Social and Governance (ESG) practices. 10 0 obj endstream endobj 369 0 obj <>stream /Resources 60 0 R >> /Contents 26 0 R endobj 69% owned subsidiary of conglomerate John Keels Holdings OK) that reported a net profit of RSI. Located about 30 minutes from Colombo International Airport, this hotel has huge rooms that are more like serviced apartments. 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. The Hilton Effect Foundations grants aimed to address some of the most urgent humanitarian needs arising from the pandemic: food security, sanitation/hygiene, economic security and clean air and water. /Type /Page /ModDate (D:20210216215732+00'00') %PDF-1.4 << /Resources 41 0 R /Resources 49 0 R The design plans were developed by Kanko Kikaku Sekkeisha, Yozo Shibata Associates, a leading firm of Japanese architects. /Contents 48 0 R 18 0 obj 10 0 obj /Parent 2 0 R /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. Visitstories.hilton.comfor more information, and connect with Hilton onFacebook,Twitter,LinkedIn,InstagramandYouTube. /Outlines 3 0 R >> >> >> /Resources 53 0 R /Contents 22 0 R /MediaBox [0.0 0.0 612.0 792.0] /Parent 2 0 R >> /MediaBox [0.0 0.0 612.0 792.0] We also began working quickly to provide food packages to those in need, and we offered much-needed aid to the surrounding communities, including supporting World Central Kitchens efforts to feed the impacted communities. /Contents 59 0 R /Resources 58 0 R Within hours, we were able to support our Hilton Team Members on the ground by opening up our Team Member Assistance Fund to those impacted by the explosion. << stream %PDF-1.4 % /Version /1.4 23 0 obj In 2020, we experienced a significant decrease in utility consumption across our global portfolio, primarily as a result of reduced occupancy and complete or partial suspension of operations at our properties. On October 20, 1983, the company changed its name to Hotel Developers (Lanka) Limited. /Outlines 3 0 R /MediaBox [0.0 0.0 612.0 792.0] Partnerships were more important in 2020 than ever before. /Creator (Workiva) 1 0 obj >> /Resources 39 0 R 8 0 obj /Parent 2 0 R 43 of 2011. /Resources 47 0 R /Resources 25 0 R trailer /Title (Supplemental Schedules) 0000006069 00000 n /Contents 55 0 R /Count 0 13 0 obj /Resources 56 0 R endobj 43 of 2011. 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. >> Hotel Developers (Lanka) PLC, the owner of Hilton Colombo, has announced that the State-owned entity will delist its shares from the official list of the Colombo Stock Exchange (CSE) in compliance with applicable regulationsand procedures. >> /Resources 27 0 R >> << 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 51 0 R Technical assistance was provided by Hilton International throughout the construction period. 363 0 obj <> endobj Language links are at the top of the page across from the title. Hilton has introduced several industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. /Parent 2 0 R H|T;0} /Type /Page 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. 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. [5], The operations of the hotel were temporarily halted after one of the staff members was tested positive for COVID-19. 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 Consistent with Hiltons commitment to respecting human rights, driving racial equality and promoting inclusive growth for all, the Foundation prioritized organizations addressing these needs, while also directly supporting minority populations and other vulnerable communities that have been disproportionately affected by the pandemic. >> 3 0 obj >> endobj endobj {4bxZ>M/ hM3BT!'ZF$Tzp*A"v0=\vxY_JT^ pbCA9q=u0".DK\3Q;M{#4Jlhoef.)qV R29 LtzXU]{,&-(m)q GEH"b2P0 ec3jp`1S&~_}nVy)wT{2F1}hAfmyp)v3va-8u !MD:7O 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. endobj However, the company is delisted from the stock exchange in 2020 and solely owned by the Government of Sri Lanka, therefore, runs as a state-owned enterprise. /Type /Page 0000009146 00000 n endobj The Government of Sri Lanka solely owns Hotel Developers (Lanka) Ltd and therefore, runs as a state-owned enterprise. >> Risk Factors" of Hilton's Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and 9 0 obj /MediaBox [0.0 0.0 612.0 792.0] /Resources 45 0 R endobj /Contents 36 0 R /C [0.0 0.0 0.0] [6], Hilton Colombo organises the biggest Oktoberfest in the country. >> Our CEO and Executive Committee review progress towards our 2030 Goals alongside other key business priorities during Quarterly Business Reviews. /Contents 42 0 R 20 0 obj /Resources 44 0 R << 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 5WUV\%/ ' endobj /Parent 2 0 R [8], The hotel is located next to the World Trade Center Colombo and has 382 rooms and 36 suites. Hilton is a leading global hospitality company with aportfolioof 19 world-class brands comprising more than7,200properties andmore than 1.1million rooms, in 122 countries and territories. /Count 2 /Contents 53 0 R With the freeHilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Partnering with organizations to drive COVID-19 and natural disaster recovery, including World Central Kitchen, Direct Relief, Project HOPE, Meals on Wheels and Open Kitchens UK, Supporting nonprofits on the front lines of the fight for racial justice, including the NAACP and National Urban League, Contributing to the re-launch of the Sustainable Hospitality Alliance, harnessing the collective action of the hotel industry to drive positive impact at scale, Maintaining our partnerships with leading anti-human trafficking NGOs, including ECPAT-USA and Its a Penalty, Joining with the Tent Partnership for Refugees and Human Rights Campaign to pledge to mentor LGBTQ refugees and asylum seekers. 0000003328 00000 n Changes in estimates, assumptions and judgments used in conjunction with significant accounting policies. /Type /Page endobj endobj /Type /Catalog 14 0 obj /Parent 2 0 R Hotel Gaillardia, Colombo: 5 star city . No share repurchases have been made since March 5, 2020, and no dividends have been declared or paid since March 31, 2020. . 17 0 obj 11 0 obj 22 0 obj /Type /Page endobj << /MediaBox [0.0 0.0 612.0 792.0] 9 specialty chefs to dazzle your taste-buds; Chinese, Italian, Indian, Japanese, Modern Australian, Sri Lankan, Thai, Turkish and Vietnamese. 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. /MediaBox [0.0 0.0 612.0 792.0] << /Prev 20 0 R << << 9 0 obj 15 0 R 16 0 R 17 0 R 18 0 R 19 0 R 20 0 R] 363 18 As a security for this guarantee, the majority of the shares was transferred to the government. endobj >> Telephone +94 11 2433435 Fax +94 11 2446545 Email hdl_hilton@sltnet.lk ATE INFORMATION .INSIDE, Do not sell or share my personal information. /C [0.0 0.0 0.0] Updates from Our Press Room to Your Inbox. /Parent 2 0 R /MediaBox [0.0 0.0 612.0 792.0] /Parent 3 0 R Hilton (NYSE: HLT) is a leading global hospitality company with a, of 19 world-class brands comprising more than7,200properties andmore than 1.1million rooms, in 122 countries and territories. /Parent 2 0 R Hilton Colombo Residences is one of the 2 Hilton properties in Sri Lanka (as of now). >> 0000009547 00000 n 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. 13 0 obj We continued to promote responsible, sustainable travel by: Launched in 2019 with the aim of creating a better world to travel, the Hilton Effect Foundation is our primary global philanthropic arm. /Type /Outlines /CreationDate (D:20211026134933+00'00') /Type /Page Hotel Developers (Lanka) PLC, the owner of Hilton Colombo, has announced that the State-owned entity will delist its shares from the official list of the . xref >> /MediaBox [0.0 0.0 612.0 792.0] - 0 - {{hitsCtrl.values.hits}}. gzFDh2q(O4;T>fq!s{;/bW90NpPi Visit, for more information, and connect with Hilton on. endobj 4 0 obj [3] The new restaurants, Graze Kitchen and L.A.B lounge were opened after the first phase of the refurbishment.

Duke Of Hamilton Separation, Articles H