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* Sri Lanka's Eden Hotel to get a Rs. 1.5 billion loan from Seylan Bank
Wed, Dec 11, 2013, 02:03 pm SL Time, ColomboPage News Desk, Sri Lanka.

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.

** Related Story :: Sri Lanka\'s Eden Hotel acquires 76-room Dickwella Resort for Rs 1.5 billion

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