Sri Lanka’s Kandy city to get new US$5.2mn 5-star hotel
ECONOMYNEXT – Sri Lanka’s investment promotion agency has approved building of a five-star hotel in the central hill country city of Kandy at a cost of 5.2 million US dollars to meet growing demand for more rooms.
The Board of Investment said it has signed an agreement with Star Class Hotel (Pvt) Ltd., to set up the 67 room hotel which will be located at Mavilamada Road, Kandy.
“This new project in Kandy will create 61 new employment opportunities and represents an investment of 5.2 million dollars,” a statement said.
“As tourism to Kandy has developed considerably, we will need more hotel rooms,” said Star Class Hotel Managing Director Mohamed Nazar Mahamed Rizan, whose hometown is Kandy.
“Our project is for a 67-room hotel which will take 1½ years to complete. However, we are looking at expanding the project by building at a latter stage an additional 27 rooms. The hotel will have two banquet halls, so it is ideal for weddings.”
(COLOMBO, 09 October 2019)