CIAH invests US $ 18 million to acquire BIA first airport hotel

BOI Chairman Sanjaya Mohottala (left) and Colombo International Airport Hotels Pvt. Ltd Chairman Ruwan Perera after signing the investment agreement  CIAH to invest US$ 18mn to construct 100-room 4-star hotel within Airport and Aviation Services premises  Colombo International Airport Hotels Pvt. Ltd (CIAH) has inked an agreement with Board of Investment (BOI) to construct Sri Lanka’s  first ever airport hotel within the Airport and Aviation Services Sri Lanka (Pvt) Ltd. premises in Katunayake.

 

CIAH will invest US$ 18.2 million for this project and the first phase of this hotel development is planned to be ready by 2022.

 

The investment agreement was signed by BOI Chairman Sanjaya Mohottala and Colombo International Airport Hotels Pvt. Ltd Chairman Ruwan Perera.

 

This will not only add significant value to the BIA, but also offer a unique option for international visitors patronising the Katunayake Export Processing Zone, as well as flight crew, transit and business travellers.”

 

“We are most delighted to partner with Airport & Aviation Services Sri Lanka Limited in this venture on their own land fulfilling the vision of the government.