Laugfs to build hotel in Bangadeniya
Harshini PERERA
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W K H
Wegapitiya |
Laugfs Holdings Limited will start construction work of the 100 rooms
four-star hotel in Bangadeniya Chilaw in December. The hotel will be
ideal for tourists since it is only one hour from the Bandaranaike
International airport and can be used as a transit point for tourist
travelling to the East coast of the country, Laugfs Holdings Limited
Chairman W K H Wegapitiya told Daily News Business.
Under the first phase of the hotel, 74 rooms will be constructed
within 18 months and under the second phase there will be 26 cabana
model rooms. The hotel will target high end spending customers and
Laugfs also expects to get the Small Luxury Hotel Association
membership.
"The hotel will be managed by Laugfs Holdings which is currently
managing Temple Tree Resort and Spa and Emerald Bay Hotel in Induruwa."
The Laugfs IPO will fund the construction of this hotel and a serviced
apartment in Maya Avenue, Colombo.
He said that the construction of the serviced apartment started two
year ago and will be completed in another two years.
"We started construction of this apartment as a condominium but later
wanted to finish it as a serviced apartment. The 72-room apartment has
all facilities such as restaurants, pubs and conference halls to cater
to a large number of tourists as well as locals," Wegapitiya said.
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