Sri Lanka Aitken Spence pays US$5n for Maldivian islet

COLOMBO (EconomyNext) – Sri Lanka’s Aitken Spence group said it had paid 5 million US dollars to lease a fourth island in the Maldives, where it already operates resorts.

The investment was made by Aitken Spence Hotels International (Pvt) Ltd in Ace Resorts (Pvt) Ltd, which to acquire the lease rigs of Raafushi Island in the Noony atoll group in April.

Aitken Spence already operates resorts in Meedhupparu (two resorts), Hudhuranfushi, Rannalhi and Vadoo.

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