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| Wednesday, 11 September, 2002, 09:37 GMT 10:37 UK Posh hoteliers return to Sri Lanka ![]() Investors find cheap pickings in Sri Lanka An operator of hotels for the super rich is reported to be preparing to invest $20m (�13m) in resorts in southern Sri Lanka as the prospects for peace improve. Aman Resorts International scouted locations in Sri Lankan sites earlier this year and recently bought the rundown New Oriental Hotel in Galle.
A peace deal between the government and the Tamil Tigers in the north of the country has resulted in Sri Lanka's tourism industry slowly recovering from almost two decades of civil war. Peace prospects "The request by Aman Resorts is undoubtedly one of the biggest investments in this sector since the peace initiative of 2001," Mr Vithana said. "It augurs well for the country and the investor confidence placed in Sri Lanka," he added. Mr Vithana also indicated other tourism-based investors were showing interest in Sri Lanka. The country has beautiful jungle landscapes, tropical weather, sandy beaches, a rich history and rock-bottom land prices. The Aman group operates a chain of "exclusive" luxury hotels in France, French Polynesia, Morocco, Thailand, Philippines, Indonesia, the US, and Mexico. |
See also: 10 Sep 02 | Business 05 Sep 02 | Business 02 Sep 02 | Business Internet links: The BBC is not responsible for the content of external internet sites Top Business stories now: Links to more Business stories are at the foot of the page. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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