Category: Tourism

Apr 11, 2012 (LBO) – Pegasus Capital Adivsors, a US based private equity firm had struck a deal to buy Bangkok-based Six Senses Resorts and Spas brand, though real estate assets will remain with the founders. Six Senses Resorts and Spas has properties under management in Asia, the Middle East, the Americas and Europe. Six […]

April 11, 2012 (LBO) – Waskaduwa Beach Resort, a subsidiary of Sri Lanka’s listed Citrus Leisure, plans to build a 150-room four-star hotel costing 23. 8 million US dollars on a property on the south coast. The hotel, ‘Citrus Waskaduwa’, consisting of a presidential suite, nine deluxe rooms, 140 ‘superior rooms’, banquet facilities and spa […]

April 09, 2012 (LBO) – The ownership of a prime beach front property the listed Citrus Leisure bought on Sri Lanka’s east coast for 169 million rupees is now being disputed in court. The newspaper said the land, owned by two Swiss nationals, had been illegally sold by a local party to other local parties […]

April 09, 2012 (LBO) – Sri Lanka’s Browns Investments is to build a 150-roomed hotel on the south coast at an estimated cost of 1.75 billion rupees and scheduled to be completed by 2013 amid a tourism boom. The firm is to build a four-star hotel with 150 rooms in Kosgoda as it has decided […]

Apr 05, 2012 (LBO) – An government administration building inside a 17th century Dutch Fort in Sri Lanka’s south will be turned into a museum and part of its will be commercially developed as a tourist attraction, a minister said. The Galle Dutch Fort is a UNESCO world heritage site. The cabinet of ministers had […]

Mar 28, 2012 (LBO) – Sri Lanka Heritance Ahungalle, a hotel in the island’s Aitken Spence leisure group said it has made a 35 million dollar sapphire studded cake, in a bid to make the world’s most expensive one. “Created by their celebrity Chef Dimuthu Kumarasinghe, the ten-layered ‘Pirate’s Fantasy’ comes studded with jewels and […]

Mar 16, 2012 (LBO) – Sri Lanka’s listed Renuka City Hotels Plc said it is starting a 218 million rupee expansion, amid a tourism boom. Renuka City Hotels said in a stock exchange filing that it will add 18 new rooms, a swimming pool, gym and staff facilities in the project. Sri Lanka’s tourist arrivals […]

Mar 15, 2012 (LBO) – The deaths of two UAE nationals, soon after their arrival in Sri Lanka, could be due to food poisoning from an in-flight meat, a media report said. A mother and a small child had died on Tuesday evening, after arriving in the country earlier in the day. Sri Lanka’s The […]

Mar 15, 2012 (LBO) – Sri Lanka’s tourist arrivals increased 27 percent to 83,549 in February 2012, from a year earlier, and visitors during the first two months were up 21 percent to 169,423, the state tourist promotion office said. South Asia, the second largest generating market, showed an increase of 14.1 percent with Indian […]

Mar 08, 2012 (LBO) – Sri Lanka is exploring the possibility of building an international convention centre close to the main airport in Katunayake outside the capital Colombo, an official said. Export development board (EDB) chairman, Janaka Ratnayake said the government may release land for the project. Sri Lanka is holding Expo 2012, an export […]

Feb 25, 2012 (LBO) – Starting construction of a 550 million dollar hotel investment by Shangri-La, a Hong Kong based leisure group in Sri Lanka is a signal for other international investors, economic development minister Basil Rajapasksa said. “Not only are they managing the hotel, they are investing the total amount so it’s a very […]

Feb 24, 2012 (LBO) – A joint venture between Singaporean and Sri Lankan investors has begun work on a hotel in the island’s capital Colombo with plans for up to six hotels with initial investments of 4. 5 billion rupees. Ground breaking work on the 140-roomed Galle hotel is expected to start in next two […]