Laugfs Leisure will become the first Sri Lankan company to extend its leisure foot print to Bangladesh.
The company will build a city hotel with over 100 keys in the capital Dhaka.
Laugfs Leisure Chief Executive Roshan Perera said they are already in Bangladesh in the energy sector and saw a vacuum for city hotel rooms and decided to open a hotel. Laugfs Gas acquired controlling interests of Petredec Elpiji Ltd (PEL), at an investment of US$ 18.75 million and became the first Sri Lankan energy brand to become a multinational. He said they are hoping to start construction next year and the property would be ready in 24 months.
Commenting on this second property in Sri Lanka he said they will build this in Waskaduwa. This will be a 350 roomed hotel and invest Rs 6 billion for it. The Waskaduwa property will be built on a 16 acre plot and will be named Anantaya Resort and Spa, Waskaduwa.
In addition they will reinvest around Rs 1.2 billion to increase capacity in their properties in Chilaw and Passikudah branded under Anantaya.
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