Page 32 - Invest in Sri Lanka

Sri Lanka: The Heart of the Eastern Hemisphere Your Destination for Timeless, Sustainable Investments

Transaction Market

In the past fifteen years, several significant
hotels, including the Colombo Hilton and Galle
Face Hotel, were sold or had equity changes.
Major international hotel brands, such as
Shangri-La, Marriott, and Hilton Hotels, entered
the market, establishing luxury properties in
Colombo and key tourist areas. Investments in
tourism zones like Hambantota and Galle
accelerated, with large-scale projects supported
by both local and foreign investors. In April 2024,
the USD$ 418-million-dollar ITC Ratnadipa, a
Luxury Collection Hotel by the Indian Tobacco NATURE-BASED
Company, opened in Colombo, the first ITC
property outside of India. In April 2024, Melco TOURISM &
Resorts (Hong Kong) announced the
development of City of Dreams at Cinnamon Life SUSTAINABILITY
Colombo, a mega mixed-used development
project featuring an 800 room luxury hotel and Sri Lanka boasts the highest density of
diversified entertainment precinct valued at biodiversity of any country in Asia, and one of the
nearly USD $1 billion. highest rates of species endemism in the world.
A global leader in nature-based tourism, this
island is committed to preserving its rich
biodiversity and natural heritage. The extensive
network of protected areas including National
Parks, Forest Reserves and Wildlife Sanctuaries
o ers unique opportunities for sustainable
tourism development. With a focus on
conservation and community engagement, Sri
Lanka provides investors with the chance to
contribute to regenerative tourism with profitable
returns.

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