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. Tourist arrivals to Sri Lanka rose sharply with the end of the ethnic war in May 2009. 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.”