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* Shangri-La Hotel breaks ground in Sri Lanka
Fri, Feb 24, 2012, 08:31 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 24, Colombo: Asia Pacific's leading luxury hotel group, Hong Kong-based Shangri-La Hotels and Resorts, broke ground today in the Sri Lankan capital city of Colombo to build a luxury hotel complex.

The Minister of Economic Development Basil Rajapaksa laid the foundation stone for the first phase of the Shangri La hotels in Colombo at Galle Face this morning with the participation of the Chairman/CEO of Shangri-La Hotels and Resorts Kuok Khoon-Ean.

The Chairman/CEO of Shangri-La later called on President Mahinda Rajapaksa at the Temple Trees.

Shangri-La Asia Limited will invest US$ 408 million on the 30- storied star class hotel that will have 661 rooms. The construction work is to be completed in 2015.

The Hong Kong-based group is also planning to construct its second hotel in Hambantota to open in 2013 with an investment of US$ 120 million. The resort will have 315 rooms on approximately 115 acres of land.

Deputy Minister of Economic Development Lakshman Yapa Abeywardena and Mayor of Colombo A. J. M. Muzammil were also present at the foundation laying ceremony.

(Photos by Sudath Silva and Ministry of Economic Development)

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