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Sri Lanka in talks with Sheraton, Raffles, DoubleTree
25 Oct, 2011 07:28:38
Oct 25, 2011 (LBO) - Sri Lanka is holding talks with top international hotel chains to invest in the island after the end of its 30-year year civil war, a senior minister said.
Minister of economic development Basil Rajapaksa said the government and private parties were holding talks to draw investments by hotel chains like Sheraton, Raffles of Singapore and DoubleTree, an up-market brand of hotels owned by Hilton.

"Now Sheraton in is discussions with us," he told a news conference. "Also, Raffles of Singapore is to invest in Sri Lanka and having talks with a local investor.

"World-renowned hotel chains are coming here."

Tourist arrivals to Sri Lanka rose sharply with the end of the ethnic war in May 2009.
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READER COMMENT(S)
1. Shakeel Oct 25
This had been going on for months and years. Its not clear to the Shangri-la as nothing has taken off. DoubleTree, Sheraton and Hyatt are sleeping giants who have not been properly facilitated. Its the local developers who are starting projects at slower pace due to misguidance from government.