Browns Investments Plc buys Sri Lanka hotel

Apr 05, 2013 (LBO) - Browns Investments Plc said it had bought a 51 percent stake in a 67-room luxury hotel in Dambulla in Central Sri Lanka for 500 million rupees.
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. The 67-roomed hotel, operated by Green Paradise (Pvt) Ltd, in Kambukkanwala, Dambulla, is close to ancient cities in Sigiriya, Anuradhapura and Polonnaruwa, the firm said in a stock exchange filing.
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The hotel built on a 14 acre land had been completed last April.

The main building had a floor area of 38,000 square feet spread over three floors.

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It has 40 suites, 10 garden suites and 17 deluxe rooms, the company said.

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