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Saturday, 15 October 2011

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Korean to build novel hotel in Dambulla

For the first time a Korean entrepreneur will invest in a novel star class hotel project in Dambulla.


Wee holding a T-shirt used at the IAAF Games in Korea.
Picture by Saliya Rupasinghe

MD ASK Trading Company Chairman Doo Won Wee speaking to Daily News Business said they are initially hoping to invest Rs 20 million for this project. He said they will build five family homes initially.

“Our concept is family oriented and we will have five themes in each of these homes,” he said.

One home would have a Korean concept, while the other four chalets would have Japanese, European, USA and Mongolian touch.

He said they have already obtained land for this project and Tourist Board approval too has been given. “We are hoping to open this hotel next year and hope to market each chalet for around US $ 300.” He said he was also involved with the IAAF games in Daegu, Korea and Sri Lanka will economically benefit by hosting the Commonwealth Games in Hambantota in 2018.

“The revenue that IAAF games generated from ticket sales alone was US$ 4 billion,” he disclosed. In addition traditional industries, cottage industry, tourism and several other sectors too benefited from hosting the games and the same benefits will come Sri Lanka’s way when the country hosts the games.

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