As per the announcement made by the company, they are going to invest RS 250 mn in two hotel project in the leisure sector under the joint venture agreement with the free lanka capital holding.
In 2010 tourist arrivals were up 46 percent to 660,000 after a 30-year war ended in May 2009.
Colombo is to see at least two 500 million dollar hotel and apartment development complexes on state land and existing leisure chains are also building new hotels in the coast.
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