Business Times

Army grounds clears for Shangri-La

The clearing of the Army rugby grounds facing the Galle Face green promenade, a prominent landmark in Colombo, to build a 7-star, super luxury hotel by Hong Kong-based Shangri-La Asia Ltd is nearing completion as seen here. Shangri-La has purchased the land outright for US$ 125 million. The company is expected to invest US$ 500 million in the multi-use complex with high end retailing, deluxe apartments and a luxury hotel to open in early 2014. Pic by J. Weerasekera.

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