Sri Lanka’s Hilton Colombo ready for private investment: state minister

Sri Lanka’s Hilton Colombo is ready for private sector investment, with four businessmen already expressing interest, State Minister for Urban Development and Housing Arundika Fernando said.

However, securing the expected financial investment for the project’s success is essential, Fernando told reporters on Wednesday March 06.

Meanwhile, progress on the Hyatt Hotel, which falls under Fernando’s ministry, has reached the halfway mark, with efforts underway to seek an investor for its completion, he said. There is also a proposal to attract investors for the development of both sides of D R Wijewardene Mawatha, stretching from Colombo Lotus Tower to the Lakehouse Roundabout.

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