Sri Lanka’s BOI signs supplementary agreement to expand and refurbish Kingsbury PLC
The Board of Investment (BOI) of Sri Lanka has reportedly signed a supplementary agreement with Kingsbury PLC in order to expand and refurbish the hotel located at the country’s commercial capital, Colombo.
The agreement was signed by Mangala Yapa, Chairman of the BOI and Rohan Karr, Managing Director, Hayleys Leisure Sector on behalf of Kingsbury PLC.
Speaking on the supplementary agreement signed with the BOI, Karr from Hayleys Leisure Sector has reportedly stated, “The Easter Sunday Bombing caused extensive damage to our restaurants at the Kingsbury Hotel. Our property is currently undergoing a total transformation with redesigned spaces and will soon be ready to offer our guests, unparalleled and unique dining experiences like never before.”
“We will re-launch all outlets once the refurbishments are completed, just in time for when the industry will be reviving,” he has added.
OSL take:
Sri Lanka’s tourism industry has shown an impressive return to normalcy following the setback suffered in the aftermath of the Easter Sunday attacks in April. Tourist arrivals to the country as well as foreign investments to the country are on a continuous growth path. Sri Lanka continues to maintain the top slot as the destination of the year in several key global travel publications. Also, the aggressive promotional campaigns and deals offered by Sri Lanka’s tourism sector have resulted in renewed interest on the island among foreign travellers. All these have resulted in the expansion of business/investment opportunities in Sri Lanka’s tourism industry.
| Article Code : | VBS/AT/20191111/Z_2 |