Hong Kong based Shangri-La hotels has looked at two sites including one close to a well-known wildlife reserve in southern Sri Lanka to site its second proposed hotel, an official said.
Deputy Minister for economic development Lakshman Yapa Abeywardene said visiting Shangri-La officials had examined a site close to the Yala nature reserve on the south coast.
The Yala Park is well known for its leopards and elephants. Shangri-La is also considering another location close to a big port being built in Hambantota, on the island's southern tip, he said.
The international hotel chain will select one of the two sites, Abeywardene said. The hotel group is expected to start work in three months on its first hotel in Sri Lanka, on recently acquired state land close to the popular Galle Face Green promenade in the capital Colombo.
"Shangri-La plans to start work on their second hotel in Hambantota after starting the Colombo project," Abeywardene said.
Shangri-La is to build a 500 million dollar hotel and property project paying 125 US dollars for a 99-year lease in Colombo. (LBO)
Comments - 19
pini Friday, 25 February 2011 10:32 PM
please do not harm wildlife that all i can say to you all
ind Friday, 25 February 2011 10:23 AM
Game Kollo, Hema ratema den thathwe eka thamai. Ranil awath wenasak wenne ne.
Saif Friday, 25 February 2011 10:40 PM
Good Strat - I know Sri Lanka will take over any country...we got the right people ....now
iam Friday, 25 February 2011 10:51 AM
After 99 years 125 million will worth 125 rupees at current rates!
I Hussein Friday, 25 February 2011 11:27 AM
Dont worry, arnt they making things easy for Sajith.
MB Friday, 25 February 2011 12:32 PM
That's right! ;( These area belongs to wild life not for the human satisfaction.
Samantha Saturday, 26 February 2011 05:28 AM
What is USD 125? It is only LRK 14,125.00 Even though this is USD 125 million This will be paid within 99 years It is paid in equal amount the present value of this USD 125 million is only USD 12.6 milion its LKR valu is 1.4 billion If this land area is 1600 perch The perch valu of this land is only LKR 890,000.00 However the current value of this area is more than LKR 3,000,000.00
citizen1 Friday, 25 February 2011 04:59 PM
Finally the wholecountry will be owned by China and/or India.
Mashook Friday, 25 February 2011 08:49 AM
So, 125million dollars has to be returned to SHANGRI LA after completion of 99years. ?
kp Friday, 25 February 2011 05:25 PM
i see you have no concept of what a lease is, mashook
Hukka Patas Friday, 25 February 2011 06:44 PM
Good sign of a progressing ecnomy and a developing country !!!!
somawanse Friday, 25 February 2011 07:11 PM
Yes , sell every thing ! too bad LTTE is not there now. This is worse
asoka abeywardena Friday, 25 February 2011 09:49 AM
do not allow any hotel to get close to wlld life reserve...if you do...Mr. Lakshman Yapa Abeywardene you are such an idiot...
Ranil Friday, 25 February 2011 09:43 AM
Can't our ministers find places except from South for investments? President, our country is not only the south.
NAIDE Friday, 25 February 2011 09:44 AM
ANOTHER INSTANCE OF SELLING FAMILY SILVER ?
Azad Friday, 25 February 2011 09:45 AM
They pay $125 and build a $500 million hotel?
man Friday, 25 February 2011 10:14 AM
so you think civil works, finishing works, brand power (intangible), kitchen, rooms, ballrooms & pools and other equipment etc should cost less than an empty under-utilised land?
Game Kolla Friday, 25 February 2011 10:18 AM
They build hotels to cater to foreigners....and we sri lankan starve to death with escalating cost of consumables.. Miracle of Asia!!!!.
commonsense Friday, 25 February 2011 10:22 AM
Stop complaining there is not much you can do with the whining.. get your self a property in hambantota and become rich, the lease is probably given at the ridiculous price on guarantee that a hotel would be built in hambantota.. who evers noegotiated this needs to be applauded..
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