Hospitality and Leisure Development
Tangalle Old Rest House
Tangalle
LOCATION
0.56 Acres
Land Extent
USD 230 Mn
Minimum Investment
Project Overview
The site has been identified as a hospitality location and is to be developed for leisure activities, F&B and accommodation needs of tourists.
Estimated investment value is USD 230 Mn.
Project is expected to commence in 2022
Project/Ownership Structure
Project company can facilitate potential partnerships with interested parties locally and internationally and it is offered on a 99-year lease
Incentives
Location
Incentives
Project incentives:
Government Tax Concessions
Speedy approval process with the assistance of the UDA
Readily available basic infrastructure to the site
Government assured land tenure security
Location
Geographical Location: Located within the city limits of Colombo, its conveniently located in close proximity to all logistic centers and main highway.