A Nepal conglomerate has paid 175 million rupees to buyout the Sri Lanka's listed Hayleys group from two hotels it held jointly with the Jetwing leisure group, a media report said.
The profits will be brought to the books with the second quarter results.
On July 30, Hayleys said it had sold a 49 percent stake in Seashells Hotels and a 50 percent stake in Royal Heritage Hotels, which owned 'Vil Uyana' a specialist eco-resort built around an artificial wetland.
The stakes were bought by Cinnovation, a unit of Nepali conglomerate Chaudhary Group owned by Binod Chaudhary.
The firm already controls Taj Samudra hotel in Colombo, though Taj Asia, a joint venture with India's Tata group.
Prospects for Sri Lanka's leisure industry is looking up with the end of a 30-year war with Tamil Tigers in May.
A senior Jetwing official said they were looking to manage hotels in Nepal and strengthen links with the Chaudhary group.