24th February 2012, www.lankabusinessonline.com
Hong Kong-based leisure group Shangri-La has begun construction work on its first hotel in Sri Lanka which is experiencing a boom in tourism after the end of its 30-year ethnic war.
Basil Rajapaksa, Sri lanka's minister of economic development, broke ground Friday for work on the 661-room Shangri La Colombo hotel.
The hotel is to be built on 10 acres of land facing the Galle Face Green promenade in the capital Colombo.
The land, considered prime commercial property, had previously been occupied by the Sri Lanka army headquarters which was moved to another location in a Colombo suburb.
Shangri Lanka will invest 400 million dollars in the Colombo property.
The group is also building a 315 room 'city resort' in Hambantota in the South of the island on a 145 acre land.
Sri Lanka is experiencing an upsurge in tourist arrivals after its ethnic war ended in 2009.
Related Info :
• Shangri La Will Position Sri Lanka as a Prime Tourist Destination – Greg Dogan, Shangri La President & CEO