Sri Lanka Hilton property in US$45mn upgrade: report

May 06, 2012 (LBO) – Hotel Developers Ltd, a state-run property where Colombo’s Hilton is housed will go a 45 million US dollar refurbishment, as it gears up to meet competition from spruced up city hotels, a media report said. Hotel Developers was one of the firms that was expropriated by the state through a controversial law last year. It was already partially state-owned.

Sri Lanka’s The Sunday Times newspaper quoted chairman Thiru Nadesan as saying the refurbishment will start in September and will be completed in August 2013.

International bids had been called and the hotel was also looking for consultant and interior decorator for the 362-room property, the report said.