Monday, 14 May 2012

India’s ITC now finalises deal, Sheraton moves to Kollupitiya

The Board of Investment (BOI) signed an agreement with Kolkata-based ITC for a mixed development project opposite the Galle Face Green, while contrary to reports of the five star Sheraton hotel being established at this site, its building is now seen rising in the heart of Kollupitiya -- through a different party.
The international luxury hotel chain Sheraton under the Starwood Group was introduced through Lanka Hotels and Residencies (LHR) on May 4 when both parties signed the agreement in the presence of Treasury Secretary Dr. P.B. Jayasundera with its location set right next to the “Carnival” ice cream parlour at Kollupitiya and opposite the popular Indo-Ceylon Café.

(Sunday Times)

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