Japanese company to set up boutique hotel | Sunday Observer

Japanese company to set up boutique hotel

At the signing of the agreement.
At the signing of the agreement.

Wakana Jpn (Pvt) Ltd. signed an investment agreement with the Board of Investment of Sri Lanka to set up a boutique hotel.

The Agreement was signed on behalf of the BOI by Chairman Mangala Yapa and on behalf of the company by Directors Hiroyuki Ota and T. G. Sunil Wickrama.

Wakana Jpn (Pvt) Ltd., will construct and operate a 21-roomed new boutique hotel in Ahungalla, with an investment of US$ 8.4 million. It will be designed by architect Kengo Kuma. Every aspect of the new boutique hotel from the design of the building, to the furniture, internal decor and cuisine will be optimised according to the traditions of Sri Lanka and Japan.

The group owns and operates two hotels in Sri Lanka, the Coral Rock by Bansei (Bansei Royal Resorts Hikkaduwa) and Club Villa Bentota (Bentota Club Villa (Pvt) Ltd.).

The Group also has a long history of having invested in Sri Lankan government financial securities and instruments.

This agreement underscores the message that Sri Lanka’s tourism sector is well set to recover and flourish, as the country was recently awarded the title of ‘The best place to travel’ twice by the leading tourism industry publication ‘Lonely Planet’ Magazine. This recognition was accorded in spite of the Easter Sunday attacks. Tourism is the third largest foreign exchange earner in the country.

It is a noteworthy milestone that the Japanese investor has expanded his operations in the country, a BOI spokesman said.