Economics

Sri Lanka Negotiates Hilton Colombo Building Sale Price

Sri Lanka is still in negotiations regarding the sale price of Hotel Developers Lanka Ltd, which owns the Colombo Hilton, according to the State-Owned Enterprises Restructuring Unit (SOERU). While four parties were pre-qualified, only Melwa Hotels & Resorts (Pvt) Ltd submitted a financial bid, as reported earlier in July. Negotiations with Melwa are ongoing, and

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