Japanese eyeing investments into two new biz hotels in Colombo

Japanese firms have expressed interest to invest in two city hotels cum leisure projects with talks and follow-up efforts underway with local partners.

“The parties concerned have signed separate Non-Disclosure Agreements (NDAs) and are progressing with follow-up work,” NWS Holdings Group Managing Director Viraj Malawana told the Daily FT on the sidelines of the successful Sri Lanka Investor Forum the company organised in Tokyo on Monday.

Both projects are by companies which are privately owned. One project is a business hotel and the land has been identified with the local partner contributing to the joint venture with the freehold land. The other project is a city hotel and/or a leisure project on existing free-hold land in Colombo.

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