Sri Lanka hotel gets US$10mn IFC loan

Oct 16, 2012 (LBO) – International Finance Corporation, a World Bank group unit will loan 10 million US dollars to Sri Lanka’s Soflogic group to renovate a hotel in the island’s South Western beach. The will be used to renovate and expand Ceysands Hotel, a 66-room hotel in Bentota into a 166 room 4-star resort, Softlogic Holdings Plc said in a stock exchange filing.

The hotel is to be managed by the Centara, a Thailand based leisure brand.

Sri Lanka is going through a tourism boom after the end of a 30-year war and many businesses are getting into tourism.

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