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Cabinet green light for Sheraton

1 December 2011 07:02 am - 7     - {{hitsCtrl.values.hits}}

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The cabinet has given the green light to the world renowned Sheraton Hotel Chain to construct an up-market luxury hotel at the Galle Face Green.

The five acre plot of land where the Army Head Quarters is located, that had been earlier demarcated to give CATIC in China on a 99 year lease, will be now given on the same conditions for US$73.5 million to M/s ITC Ltd. India, a franchise of Sheraton International, in the US.

The total cost of the hotel project is US$300 million. (Sadun A. Jayasekara)

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  Comments - 7

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  • Achari Thursday, 01 December 2011 07:12 AM

    Then the Bandaranayeke statue will be shifted to China??????.

    osanda Thursday, 01 December 2011 08:52 AM

    India or China ...International Politics....

    buffaloa citizen Thursday, 01 December 2011 09:27 AM

    The Galle Face was the only entertainement location by the sea for the lower and poor class. What else?

    s Thursday, 01 December 2011 09:47 AM

    ONLY tourism Nothing else

    Kangarro Thursday, 01 December 2011 11:00 AM

    Srilanka is going to be filled with hotels . and we can stay in hotels

    Ranil Thursday, 01 December 2011 11:15 AM

    It is great news...country need the world best hotels like Sheraton/Hyatt Regency. Keep it up

    Indian Thursday, 01 December 2011 04:34 PM

    One question. Who is going to stay in these hotels?


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