17 March 2012

Sri Lanka's Renuka City Hotel in a Rs 218mn Expansion

16th March 2012, www.lankabusinessonline.com

Sri Lanka's listed Renuka City Hotels Plc said it is starting a 218 million rupee expansion, amid a tourism boom.

Renuka City Hotels said in a stock exchange filing that it will add 18 new rooms, a swimming pool, gym and staff facilities in the project.

Sri Lanka's tourist arrivals rose 30 percent in 2011 and was up 21 percent in the first tow months on 2012.

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