New US$35mn 5-star hotel to be managed by a Maldives resort chain in Sri Lanka

PUBLISHED November 17, 2019

A well-known Maldivian resort chain, Atmosphere Hotels & Resorts has been confirmed to manage a five-star hotel built in Sri Lankas Southern Tangalle region with an investment of 35 million dollars, informs the investment promotion agency.

The Board of Investment reveals that an agreement has been signed for the operation of 176-room hotel in Tangalle with La More Hotel (Private) Limited. The hotel will offer employment for 355 individuals.

The BOI agreement was signed with a major Sri Lankan seafood exporter Amagi Group and the Atmosphere Hotels & Resorts of Maldives.


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