Sri Lanka to get 7-star Shangri-La hotel

Dec 28, 2010 (LBO) - Hong Kong-based leisure group Shangri-La has signed a deal to acquire land to build a seven-star hotel in the Sri Lankan capital Colombo, the chairman of the tourism authority Nalaka Godahewa said.
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Shangri-La signed the agreement Tuesday to acquire 10 acres of government property near the Galle Face green promenade, Godahewa told Vimasuma.
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The army headquarters which is now located on the land, considered prime commercial property, is to be moved to another location in a Colombo suburb.

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Godahewa said Shangri-La will invest about 500 million US dollars in the hotel project which will have almost 500 rooms.
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Sri Lanka is experiencing a tourism boom, with arrivals up sharply, after the end of the island's 30-year ethnic war in 2009.

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