Shangri La Finalizes Agreement to Construct a Seven Star Hotel in Colombo

28th December 2010, www.island.lk, By Mario Andree

A Hong Kong based hotel chain giant yesterday finalized its agreement with the government to construct a seven star hotel in Colombo.

Sri Lanka Tourism Development Authority, Chairman, Dr. Nalaka Godehewa told the Island Financial Review an agreement was signed yesterday with Shangri La Hotels to construct a luxury hotel in a 10 acres land in the premises of the Defense Ministry.

The project is worth more than US$ 500 million and is a land mark for Sri Lanka as other major hotel chains would follow the footsteps of this agreement.

Shangri La has also shown a keen interest in developing 150 acres of land in Hambanthota which will help the industry boom, he said.

Meanwhile the 10 islets in the North Western cost which attracted 11 bidders are in the process of being shortlisted and its estimate would be more than US$ 500 million.

Next year has been nominated as ‘Visit Sri Lanka’ year and the SLTDA expects more than 750,000 tourists to visit with the number of arrivals expected to grow at 31 percent average.

Dr. Godehewa said for the next year the SLTDA has planed 12 themes for each month promoting the Whole of Sri Lanka as a tourism attraction.

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