Luxuries Hotel

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* Sri Lanka BOI grants approval to build luxury hotels in the North and EastThu, Dec 10, 2009, 12:25 pm SL Time, ColomboPage News Desk, Sri Lanka.
Dec 10, Colombo: Sri Lanka Board of Investment (BOI) has granted investment approval for Tilko Jaffna City Hotels Ltd., to establish a modern tourist hotel in the heart of Jaffna Town, the government media unit reported.
BOI Chairman and Director General Dhammika Perera signed the agreement on behalf of the BOI and formally presented the BOI Certificate of Registration to Mr. Thavarajah Thilagaraj, Managing Director of the Company.
The company is to invest Rs. 80 million initially on the project which is carried out under the Accelerated Development Programme for the Northern Province.
The hotel to be established in a 340 perch land with an overview of the lagoon is aimed for tourists. It will consist of 33 guest rooms and 2 cottages and offer amenities such as restaurant, gymnasium, and conference facilities.
According to the Managing Director the hotel is targeted to attract business community, foreign tourists, and expatriates.
The BOI recently approved another project by Arugambay Travels Hotel (Private) Limited, a joint venture between Australia and Sri Lanka, to establish a three star hotel at Arugam Bay.
BOI Chairman formally presented the BOI Certificate of Registration to Mr. A. M. Jaufer, Managing Director of the Company.
The project to be carried out under the Accelerated Development Programme for the Eastern Province is for an initial investment of Rs. 123 million.
The company will establish a modern 3 star hotel in a 400 perch land with an overview of the lagoon and the Arugam Bay beach. It will have 19 guest rooms and 7 chalets. The hotel will offer facilities such as health club, gymnasium, spa, swimming pool, business centre and conference facilities.
With peace returning to the country Sri Lanka expects tourist arrivals to rise in the future. Tourist arrivals to the country rose over 20 percent in November from a year ago.
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