Spanish investor to build hotel in Yala | Sunday Observer

Spanish investor to build hotel in Yala

BOI Acting Chairman Anil Amarasuriya, Board Member Dr. Nihal Samarappuli and Putus Brothers Sustainable Developments Directors Narcis Clavell and Jagath Wickramage after signing the agreement.
BOI Acting Chairman Anil Amarasuriya, Board Member Dr. Nihal Samarappuli and Putus Brothers Sustainable Developments Directors Narcis Clavell and Jagath Wickramage after signing the agreement.

The Board of Investment of Sri Lanka (BOI) signed an agreement with Putus Brothers Sustainable Developments (Pvt) Limited to build and operate a cabana type hotel in Palatupana, Yala.

The agreement was signed on behalf of the BOI by Acting Chairman Anil Amarasuriya and Board Member Dr. Nihal Samarappuli and on behalf of the company by Directors Narcis Clavell and Jagath Wickramage.

The value of the project is US$ 1.6 million. The project on completion will consist of 43 luxury cabanas in Yala. Clavell and his partner Jagath Wickramage said, “Initially 15 of these cabanas, which could be considered as a four-star hotel, will be built. All cabanas would have an individual swimming pool and also a sea view.

The investor also stated that the project was built taking into consideration all eco-friendly and sustainability norms.

Clavell, from Barcelona, Spain, said, “I encourage all investors and any other visitor to the Island and tell them that Sri Lanka is indeed a wonderful opportunity for investors worldwide. It is important that this positive message is sent out, so that the true potential of the country is well known to all. I am, therefore, very confident that Sri Lanka with its open business culture and investor friendly agencies such as BOI, will do well. The recent problems are in my view temporary and in the long term the country will emerge as an attractive hub for tourism and investment.” 

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