Analysing Sri Lanka's Property market, investment options and latest property news in Sri Lanka
Monday, 24 November 2014
ITC Hotels launches one of largest ever foreign investments in Colombo
A luxury hotel complex with residences and office complex will soon be built in Sri Lanka by an Indian conglomerate.
ITC Chairman Y.C. Deveshwar said that ITC Colombo was one of the largest investments of the ITC hotels’ group of India under which a luxury hotel with 350 rooms with 130 luxury residences along with retail and office space will come up, making these comments at a ground breaking ceremony held this week at Galle Face. The total investment component of the project is estimated at US$300 million.