The Government has been inundated by offers from top international chains to manage the Hilton Hotel in Colombo following the announcement last Wednesday that the property is now solely Sri Lankan owned. A Finance Ministry source said that the hotel is seen as a good, exclusive property in post-war Sri Lanka where tourism is growing fast.
“Many top chains have expressed interest,” the source said. Economic Development Minister Basil Rajapaksa announced in Parliament that the land had been taken over due to failure by Cornel & Co., which leased the land from the Urban Development Authority (UDA) and sub-let it to Hotel Developers Lanka Ltd (HDL), to pay lease rental.
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(Source: Sunday Times)
“Many top chains have expressed interest,” the source said. Economic Development Minister Basil Rajapaksa announced in Parliament that the land had been taken over due to failure by Cornel & Co., which leased the land from the Urban Development Authority (UDA) and sub-let it to Hotel Developers Lanka Ltd (HDL), to pay lease rental.
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(Source: Sunday Times)
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