A new 5-star hotel to be built in Kandy under BOI agreement

Exchanging of the agreement

The Board of Investment of Sri Lanka signed an agreement with Star Class Hotel Ltd., to set up 67 room 5-star hotel which will be located at Mavilamada Road, Kandy.

The Agreement was signed by 

Board of Investment of Sri Lanka Chairman Mangala Yapa and Mohamed Nazar Mahamed Rizan, Managing Director of the company. 

This new project in Kandy will create 61 new employment opportunities and represents an investment of $ 5.2 million.   

Mohamed Nazar Mohamed Rizan provided further information on his project and its importance to the tourism industry. 

“This is a project for a 5-star hotel in Kandy, which is my hometown and a very beautiful city.  As tourism to Kandy has developed considerably, we will need more hotel rooms”. Rizan added: “Our project is for a 67-room, 5-star hotel which will take one-and-a-half years to complete.  However, we are looking at expanding the project by building at a later stage an additional 27 rooms. The hotel will have two banquet halls, so it is ideal for weddings.”