A Sri Lankan company is partnering with an Indian company to build a US$200 million hotel complex in the heart of Sri Lankan capital city Colombo, South Asian News Agency (SANA) reported. Sri Lanka’s Rank Holdings, a consortium of companies with diversified business interests in hospitality & entertainment industry, has been reportedly partnered with an Indian investor to build an integrated hotel and entertainment complex at D.R.Wijewardene Mawatha. Ravi WIjeratne, Chairman of Rank Holdings told SANA that a five-star hotel and 171 apartments would be part of the mixed development and the construction is expected to begin in November this year.
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