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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka's Browns Investments buys hotel

Sri Lanka's Browns Investments buys hotel

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Malika1990

Malika1990
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Apr 05, 2013 (LBO) - Browns Investments Plc said it had bought a 51 percent stake in a 67-room luxury hotel in Dambulla in Central Sri Lanka for 500 million rupees.

Green Paradise (Pvt) Ltd, operates 67 roomed hotel in Kambukkanwala, in Dambulla, in close proximity ancient cities in Sigiriya, Anuradhapura and Polonnaruwa, the firm said in a stock exchange filing.
The hotel which is on a 14 acre land had been completed last April.

The main building had a floor area of 38,000 square feet spread over three floors. It has 40 suites, 10 garden suites and 17 deluxe rooms, the company said.
http://lbo.lk/news/Sri_Lankas_Browns_Investments_buys_hotel/684681877

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