New 5-star hotel project in Tangalle

The Board of Investment (BOI) of Sri Lanka has signed an agreement with LA’ MORE Hotel (Pvt) Ltd to set up, manage and operate a 176 key 5-star hotel project in Tangalle.

The project represents an investment of US$ 35 million and will employ a staff of 355 members at the property. 

The agreement was signed by BOI Chairman Mangala Yapa - and Chairman of the Amagi Group S. Ganeshanadan.  Also present was – President of Business Development of Atmosphere Hotels and Resorts of the Maldives Shrikant Dash, which will be managing the 5-star hotel project, the BOI said in a media release.

It quoted Mr. Dash as saying that: ““Atmosphere Hotels and Resorts is an Indian Ocean hospitality group currently based in the Maldives. As a company, we strongly believe in Sri Lanka’s expansion and growth as a top tourism destination for travelers world-wide. We have embarked on this journey in Sri Lanka with Mr. Ganesh who is a vibrant and young entrepreneur with a lot of enthusiasm and foresight. In addition to being one of the major seafood exporters from Sri Lanka, he is also an ambitious hotelier and we are working together with him and his group of investors to achieve his vision of a new phase of tourism in Sri Lanka.” 

He said they opted for Tangalle because it is an ideal location, which offers a unique old-world charm and is far less crowded than other developing tourist areas in the province, such as Galle.