Laugfs Leisure to invest Rs 6 bn in Waskaduwa hotel
Confident of Sri Lanka’s forward march, Laugfs Leisure , a subsidiary of Laugfs Holdings is hoping to construct a hotel with over 350- rooms in Waskaduwa area as a joint venture project with an estimated investment around Rs 6 billion.
The Waskaduwa property would be built on a 16 acre plot and called Anantaya Resort and Spa –Waskaduwa. The project is still at the planning stage. Once the final approval is received, the project is expected to commence by mid -2017.