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Singapore’s HPL Investment Surge Into Sri Lanka

Category: Hotels, Posted:09 Mar 2018 | 07:44 am

Despite the seemingly politically charged declaration of a State of Emergency this week in Sri Lanka, Singapore’s HPL Group look to be leading a foreign investment charge.

An agreement has reportedly been entered into between East West Properties PLC and HPL Hotels and Resorts Pte. Ltd. for the purchase of the Weligama Bay Marriott Resort and Spa.

Further news in Sri Lanka’s Daily Mirror has HPL tabling an offer for the historic gem the Grand Oriental Hotel that local market sources say could be a Four Seasons branded property.

In the meantime the local hospitality scene is buzzing over the recent opening of the new Colombo luxury Shangri-La hotel.

Other News

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Destination Group Transacts Khao Lak Hotel

Category: Hotels, Posted:21 Sep 2022 | 16:21 pm The Destination Group has acquired a partially completed beachfront 400-key hotel in Khao Lak, Phang Nga. What was named the Mora Resort which is under construction will see Destination fully complete and brand the property. An opening in late 2023 is planned for the hotel which is located near the JW Marriott. Access to Khao […]
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Soho House Bangkok Opening in December

Category: Hotels, Posted:21 Sep 2022 | 13:09 pm Uber global social brand Soho House will debut in Bangkok this December 2022. Located in the former Eugenia hotel in Sukhumvit Soi 31, the property has been reinvented. With three floors of facilities, food, beverage, and cultural events are also set to be showcased. Soho  House Bangkok membership is set at THB135,000 per year, with […]
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UWC Phuket Enters International School Property Market

Category: Real estate, Posted:20 Sep 2022 | 08:46 am One of Phuket’s leading international schools UWC has entered into a development deal for integrated living. The school has subdivided a portion of its land adjacent to the campus and will have properties built by a Phuket real estate group TYSSEN VIP Development. Branded as the Campus Villas, the 44-unit gated estate offers four types […]
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