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Japanese invest in US$3.9mn hotel in Sri Lanka’s Dambulla

ECONOMYNEXT – Japanese investors are to build a four-star hotel in Sri Lanka’s Dambulla area at a cost of 3.85 million US dollars, the Board of Investment said in a statement.

It has signed a deal with Arihara Lanka Dream Company (Private) Limited to construct and operate a 36-room hotel, which will employ 80 people.

Chairman and Managing Director of Arihara Lanka Dream Company Hiroshi Arihara said they initially were interested in building a hotel in the Maldives. However, this proved difficult so they decided to consider Sri Lanka.

“The main attraction of this hotel is proximity to water, since it is close to the lake.  We also have an excellent view on the Sigiriya rock fortress.

”We are essentially targeting guests from the European Union countries but also from Japan as well as other nationalities. I also wish to add that in Japan, Sri Lankan Auyrveda is very popular and is yet another attraction for tourism to the island.”
(Colombo/February 06/2019 – SB)

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