Analysing Sri Lanka's Property market, investment options and latest property news in Sri Lanka
Sunday, 14 June 2015
Maldivian Firm Mulls US$ 35M Hotel Project In Kalpitiya
Maldives-based Sun Siyam Group, owned by Maldivian Parliamentarian and philanthropist Ahmed Siyam Mohamed, is confident of completing upmarket Maldivian-styled tourist resort in the Vellai Islet of Kalpitiya within the next two years.
“We hope to complete our second project in Sri Lanka, a 150-room hotel in Kalpitiya at a cost of US$ 35 by 2017. The Passekudah Sun Aqua property which was opened recent was our first-ever property in Sri Lanka and was built at a cost of US$ 11 million,” Siyam Mohamed told the Sunday Leader, on the sidelines of the Hospitality Investment Conference Indian Ocean held this week in Colombo.