Government takes over Hilton

9 March 2011 02:22 pm - 8     - {{hitsCtrl.values.hits}}

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Minister of Economics Development Basil Rajapaksa informed parliament today that the Hilton Hotel Colombo had been taken over by the government last week, as the investor had violated the lease agreement having paid the lease for only two months. (KB/YP)

  Comments - 8

  • Citizen Thursday, 10 March 2011 08:37 AM

    Was it because of disagreement on deal? I think the problem is the percentage cut!!!

    Ronny Wednesday, 09 March 2011 02:40 PM

    Will Shangri-la invest in Sri Lanka?

    nagu Wednesday, 09 March 2011 02:56 PM

    Very good move...Now its time to foreign investors starts paying back to SL for doing business here....

    Guru2 Wednesday, 09 March 2011 03:11 PM

    Let's wait for the whole story!

    milliband Wednesday, 09 March 2011 03:47 PM

    What is the situation for the minority share holders who invested in shares?

    kenny_fdo Wednesday, 09 March 2011 03:53 PM

    We will be happy to know who is in the directors board.
    by the way if you keep doing this you will be scaring off all the foreign investors.

    Sunil Lanka Wednesday, 09 March 2011 03:57 PM

    How about using this facility for Ministers who have endless problems in finding accommodation in Colombo. After all ministers need some decent accommodation in Colombo to perform their jobs efficiently . Good move our govt

    Bonda Wednesday, 09 March 2011 04:10 PM

    Lets hope that the foreign potential investors dont look at this negatively.


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