Shangri-La projects to break ground this week

Tuesday, 21 February 2012 00:26 - - {{hitsCtrl.values.hits}}

The much-anticipated construction of Shangri-La hotels in Sri Lanka worth $ 500 million will commence soon with the groundbreaking ceremonies of both properties being scheduled for later this week.

The groundbreaking ceremony of Shangri-La Hotel Colombo will be held this Friday at 10:28 a.m. under the patronage of Economic Development Minister Basil Rajapaksa, while the ceremony for Shangri-La Hambantota Resort and Spa will be held on Saturday at 11:22 a.m. under the patronage of Speaker of Parliament Chamal Rajapaksa and Hambantota District Development Committee MP Namal Rajapaksa.

Shangri-La Lanka is said to have invested US$ 125 million for the land facing the Galle Face Green promenade and another US$ 120 for the Hambantota Sitrakala Estate.

The Colombo development will feature a multi-use complex with high end retail facilities, deluxe apartments and a 650 key luxury hotel to be opened in 2014. The second property in the southern part of the country will be a 161 room and 20 villa beachside resort to be launched in 2013. Investment for both hotels is said to exceed US$ 500 million.

Hong Kong-based Shangri-La Hotels and Resorts is one of the world’s premier hotel companies currently owning/managing 72 hotels under the Shangri-La, Kerry and Traders brands with a room inventory of over 30,000. The group has a substantial development pipeline with projects in Canada, mainland China, India, Malaysia, Philippines, Mongolia, Qatar, Sri Lanka, Turkey and United Kingdom.