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Sunday, February 5, 2023

Sri Lanka hotel sells Maldives unit stake

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ECONOMYNEXT – Sri Lanka’s Ceylon Hotels Corporation said it had sold a stake in a Maldives hotels company to a Hong Kong based company for 4,493,663 US dollars.

A 50 percent stake in Handuvaru Ocean Holidays (Pvt) Ltd, was sold to China Travel International Investment Hong Kong Limited.

The stake was held by Ceylon Hotels Maldives (Pvt) Ltd, a fully owned subsidiary of United Hotels Company Ltd.

Ceylon Hotels owns a 67.51 percent stake in United Hotels Company. (Colombo/Sept09/2022)

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