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Shangri-La To Open In Colombo

Dec 28, 2010 10:05:58 AM - thesundayleader.lk

The government has today (28) granted approval to the world renowned Shangri-La group to set up a hotel in the country.

Treasury Secretary Dr. P.B. Jayasundera has told the media that the Board of Investment (BOI) has granted approval to Hong Kong based group Shangri-La today to build a 500 room hotel in Colombo.

Dr. Jayasundera has said that the hotel project would amount to an investment of US$ 500 million.

The Shangri-La group has already invested US$ 75 million to acquire land other necessary resources for the project.

According to Dr. Jayasundera, the integrated hotel is to be called Shangri-La Lanka Hotel limited.