Shangri-La has purchased six acres of government
land facing the Galle Face green promenade, a prominent landmark
in Colombo, Sri Lanka.
The development will be a multi-use complex
with high-end retail facilities, deluxe apartments and a 500-key
luxury hotel to open in early 2014. The purchase marks the entry
of the hotel group into Sri Lanka.
Shangri-La is also planning to develop a second
property, a 300-key city resort on approximately 100 acres of land
in Hambantota, on the southern coast of Sri Lanka, to open in
Greg Dogan, president and chief executive
officer of Shangri-La International Hotel Management, said, "Sri Lanka is a country of unsurpassed natural
beauty, rich in cultural heritage, and above all it is well recognised
for its warm and hospitable population. The local government is
fully committed to rebuilding the economy following the end of
three decades of conflict and we believe that Shangri-La will be
able to assist in positioning the country as a prime global
tourist destination. Both Shangri-La hotels strategically fit into
the group's ongoing expansion plans to link the Indian
subcontinent and our South East Asia developments."
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