Hilton hotel chain to manage beach resort in Sri Lanka built at US$ 12 million near Yala wildlife park
The Board of Investments (BOI) in Sri Lanka has reportedly approved the construction of a beach resort near the Yala wildlife park on the southern coast of the country with an investment of US$12 million. The resort is to to be managed by the Hilton hotel chain.
The BOI has announced in a statement that the Wild Beach Resorts (Private Ltd) project is to build and operate a 42-roomed hotel located at the Yala Wildlife Tourism Zone at Palatupana, Yala.
It had signed an investment agreement with the developer Melwa Hotels and Resorts.
“We have already signed two projects with the BOI, one will be located in Negombo and construction has already begun,” Muruganathan Pillai, Director of Melwa Hotels and Resorts has reportedly stated.
“The Negombo hotel will be opened in 2021 and will be operated by the Hilton chain. The Yala project will also be opened in 2021 (and) will also be operated by the Hilton chain. This will of course be a very high end hotel project.”
OSL take:
The construction of a new beach resort near Sri Lanka’s Yala wildlife park is yet another indication of the growing tourism industry in the country. The leisure and hospitality sectors are currently on a growth path and part from the building of new hotels and resorts, many of the existing locations are engaged in refurbishment and upgrading programmes. All these are indicative of the growth and strength of Sri Lanka’s tourism industry. Foreign businesses looking at investing in Sri Lanka could explore business opportunities in the country’s tourism sector.
| Article Code : | VBS/AT/20181226/Z_5 |