Browns Investments subsidiary plans to build a four star hotel in Kosgoda
Browns Investment to build a 4 star hotel
Sri lanka’s Samudra Beach Resorts, a subsidiary of Browns Investments PLC is planning to build a 150 room 4 star hotel in Kosgoda.
Estimated cost of the proposed project is Rs. 1.8 billion.
The company, in a stock market filing announced that it has already signed an agreement with the Board of Investment to go ahead with this task.
The project is expected to be completed by 2013.
Browns Investment Limited is a subsidiary of Brown and Company PLC, a diversified conglomerate operating in the country.
http://www.news360.lk/business-finance/browns-investment-subsidiary-plans-to-build-a-four-star-hotel-in-kosgoda-0981
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