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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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REMINDER Online Thailand Event This Week

Category: Real estate, Posted:20 Jul 2021 | 15:15 pm Give us one-hour this Thursday and we will give you a complete rundown on Thailand’s resort real estate sector including special insight into hotel-branded residences, co-living, tech strategies, integrated resort communities, and lifestyle property. Check out the latest data on Phuket, Koh Samui, Hua Hin and Pattaya. Sign up now for this free online event. Sign up
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Outrigger Buys Three Hotels in Thailand

Category: Hotels, Posted:19 Jul 2021 | 09:12 am The US-based Outrigger Hospitality Group has bought three hotels in Phuket, Koh Samui and Khao Lak. A portfolio deal, the properties had been under Manathai and will be converted to Outrigger. The new names of the hotels will be Outrigger Koh Samui Beach Resort, Outrigger Khao Lak Beach Resort and Phuket Manathai by Outrigger. Given […]
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All The Jazz. It’s Saturday Video Updates

Category: Tourism, Posted:17 Jul 2021 | 12:20 pm One of the positives of the pandemic is seeing spirited entrepreneurs recreate their business models. We are presenting a story form Phuket about how a furniture factory owner got out of the box and created an entirely new handcrafted business. Made in Phuket. Surfskate with Island Boards We also have a full video of last […]