Sri Lanka city hotel in Rs218mn expansion

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 rose 30 percent in 2011 and was up 21 percent in the first tow months on 2012.