Acorn Leisure inks deal with NDB Capital Group and Sunil Fernando & Associates
Acorn Leisure, a subsidiary of the Acorn Group, has taken a significant step toward expansion by signing a Memorandum of Understanding (MoU) with NDB Capital Group and Sunil Fernando and Associates.
“The partnership is designed to create a powerhouse in leisure management, providing crucial industry value additions such as innovative funding opportunities, project investment services and real estate advice, to drive sustainable growth in Sri Lanka’s tourism sector.”
“As the industry continues to recover and evolve, this alliance is expected to set new standards in hospitality, offering resort and villa owners cutting-edge solutions tailored to the demands of a rapidly changing market.”
The Acorn Group, renowned for its leadership across multiple sectors—including aviation management, inbound/outbound tours, resort and villa management and freight and logistics, operates from eight global offices.
“This collaboration with NDB Capital Holdings and Sunil Fernando and Associates represents a significant milestone for Acorn Leisure. Through this partnership, we can better contribute to the growth of Sri Lanka’s tourism and provide unparalleled opportunities and value to our stakeholders,” said Malinga Arsakularatne, Chief Executive Officer of Acorn Group.
“This partnership represents a perfect alignment of expertise and vision, allowing us to tap into the vast potential for growth in the hospitality sector alongside Acorn Leisure,” said Senaka Kakiriwaragodage, Chief Executive Officer of NDB Capital Holdings Limited.
With over 50,000 clients and LKR 350 billion in assets under management, NDB Capital extends its influence beyond Sri Lanka to regions such as Bangladesh, the Maldives and Africa.
Sunil Fernando and Associates, a pioneering valuation and advisory firm with a 24-year legacy in Sri Lanka, also plays a crucial role in this collaboration.
Sunil Fernando and Associates Managing Director Manju Fernando said, “Our collaboration with Acorn Leisure is a testament to our commitment to excellence in real estate advisory. Together, we will elevate the standards of resort and villa management in Sri Lanka, combining our industry-leading insights with Acorn Leisure’s dynamic approach.”
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