The two parties agreed to develop properties under CHC Rest Houses, a subsidiary of Ceylon Holidays Holdings.

[5] Ceylon Hotels Maldives entered into a joint venture with Zhen Hua Engineering Company Limited, a subsidiary of China Harbour Engineering Company.

Through the joint venture, an 85-100 room resort was planned to be built in Anbaraa island of Vaavu Atoll of Maldives.

[6] However, in 2021, Ceylon Hotels decided to divest its 50% stake in the joint venture for US$4.49 million.

Through Ceylon Holiday Holdings, its joint venture with Zinc Hospitality Lanka owns and operates several rest houses across the country.