Shangri-La to build third hotel in SL

Shangri-La, Asia Pacific’s leading luxury hotel chain, is looking at building a third hotel in Sri Lanka.

This was disclosed by Vice President of the group, Madhu Rao who met the Minister of Finance, Ravi Karunanayake yesterday.He had indicated that they are happy with the investment climate in Sri Lanka and would look at reinvesting in Sri Lanka.

“This would be by way of another hotel and other investments,” a Finance Ministry official said. The first hotel in Hambantota would be opened end of this year while their second hotel US$ 500 million mixed development project at Galle Face would be ready by end 2017.

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