Maldivian firm to build hotel in Sri Lanka’s central hills

COLOMBO (EconomyNext) – Sri Lanka’s Board of Investment (BOI) has approved a three million US dollar investment by Alpha Kinam Holdings Lanka (Pvt) Ltd. to set up a hotel in Matale, in the island’s central hills.

The Nichila Oya Resort and Spa hotel complex will be built on a 15.3 acres land in Matale and is expected to be completed within two years, a BOI statement said.

The hotel will have 13 luxury suites and 26 chalets and include private swimming pools.

The Maldivian investment project will be managed by Mohamed Manik, an entrepreneur with almost 20 years of experience in the tourism and hospitality industry in the Maldives and Sri Lanka, the BOI said.

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