BOI approves refurbishment of Trans Asia Hotel

The Board of Investment of Sri Lanka (BOI) gave approval to Trans Asia Hotel PLC for the investment in the refurbishment of Trans Asia Hotel, Colombo. Chairman/Director General Dhammika Perera signed the agreement on behalf of the BOI and presented the BOI Certificate of Registration to the investor.

Trans Asia hotel suspended operations for three and a half months commencing from May 15 to carry out the refurbishment. Upon completion, the hotel would be re-branded and launched as Cinnamon Lakeside, Colombo.

The hotel's lobby, lobby lounge, coffee shop, main ballroom, bedrooms, outdoor terrace and pool area will see a significant revamp. Architectural and design work will be done by Singapore based Bent Severin Associates and local architects/designers ddn Design and Taru, with LAN Management as project managers.

The hotel is investing Rs. 370 million on the refurbishment and re-branding of the hotel.