Monday, 5 September 2011

Sanken, JKH JV on 240-room business hotel in Colombo

John Keells Holdings (JKH) plans to develop a total of 1000 rooms of the business-leisure segment in Colombo and, as part of this strategy, has joined up with developer Sanken Lanka Pvt Ltd to build a business hotel in Colombo.
The duo are investing in a 25 storey, 240-room business hotel worth Rs 2.9 billion in the heart of Colombo, with Sanken being the major shareholder and JKH having a minority stake while Keells Hotel Management Services will be the hotel operator, according to a JKH statement.

(Source: Sunday Times)

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