Friday, 20 December 2013

Packer's hotel project gets approval

The Gazette notification has been issued approving three hotel projects including James Packer's Crown Ltd, but without gaming or casino facilities, official sources said. There would be an Integrated Super Luxury Tourist Resort Facility at Glennie Street/Justice Akbar Mawatha, Colombo 2.  It is an investment of US $ 750 million. In the next project proposed at the site in D. R. Wijewardene Mawatha, Colombo 10, an Integrated Super Luxury Tourist Resort with 500 rooms is to be set up under an investment of US $ 300 million. It will consist of high-end shopping malls, luxury residences and office spaces and service spaces with associated facilities.   The investor is Queensbury Leisure Ltd. The hotel project of US $ 350 million in the same area will be undertaken by Lake Leisure Holdings .It will have 400 rooms.


(Source: Daily Mirror)

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