03 February 2012

15 Story Star Class Hotel in Jaffna as Sri Lanka's Northern Province Develops Rapidly. The Hotel Yarl Jetwing is a Joint Venture between Mercantile Merchant Bank Ltd and Jetwing Group

03rd February 2012, www.dailynews.lk

The rapidly developing Northern Province following the defeat of terrorism has become a springboard for local and foreign investors seeking investment opportunities in Sri Lanka. Construction of a 70-room, 15 storeyed star class hotel in the heart of Jaffna will be launched tomorrow.

Mercantile Merchant Bank Ltd, and the Jetwing Group through an equally-owned joint venture will invest Rs. 700 million on this hotel project.

The hotel Yarl Jetwing will be constructed near the Old Clock Tower Road, in Jaffna.Designed by Design Group 5, the hotel will have a roof top swimming pool and a Presidential Suite and the construction work is to be completed within 18 months.

The location of the hotel will be adjacent to the Rs. 500 million new shopping and entertainment complex being built by Cargills (Ceylon) Plc. Courtesy-news.lk

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