Dec 11, Colombo: Sri Lanka's Eden Hotel Resort and Spa said Tuesday that its Board has given approval to obtain a Rs. 1.5 billion loan from the Seylan Bank.
The loan would be a six-year funding facility, the company said in a stock market disclosure.
Eden Hotel last month said its holding company LOLC Leisure Ltd. is buying the Dickwella Resorts Ltd. for Rs 1.5 billion.
Dickwella Resort & Spa is a 76-room luxury property, located on a promontory, bounded by the sea on three sides, with a beach in the front.
The Chairman of Eden Hotel, W.D.K. Jayawardena is also on the Board of the Seylan Bank, the company said.