South Asia’s second comprehensive seven star hotel is to be opened in two years within the Kalpitiya integrated tourism zone in Sri Lanka.
The first hotel is currently being built by the Hong Kong based Shangri-La Hotel chain at Galle Face, where the former Army Headquarters stood. It is said to be a US$ 500 million investment and would have 500 luxury guest rooms, shopping, cinemas, etc, etc.
A leading Dubai real estate developer along with a Sri Lankan counterpart has undertaken building the second seven star hotel in Kalpitiya. The total investment for the project is to be around Rs.6 billion.
The company has already decided on a 250 acre land for the project. The proposed seven star hotel would comprise 200 individual chalets with each having its own swimming pool, dining area, gym and other facilities. In addition there would be a golf course, mini casino and other facilities. An under water spa or a viewing facility too is planned.
A company official said that they are mainly targeting up market clients from the gulf region, Europe, USA, and UK. There is also a large number of European expatriate population who earn high salaries and are looking for short holidays. “We are hoping to price a villa for around US$ 1,500 per night which makes it the most expensive property in the region,” he said.
Under the first phase of the Kalpitiya Tourism Zone, six islands will be developed – Ippantivu Island, Vellai Island I, Vellai Island II, Vellai Island III, Eramativu Island, and Kakativu Island -by the Sri Lanka Tourism Development Authority .The islands that have been leased out by the government are Ippantivu and Vellai. The Vellai Islands have been leased for a sum of Rs. 3.7 million for the first five years to Sun Resort Investment Lanka Private Limited, which is a joint venture between Sri Lanka, Maldives and Switzerland. The Ippantivu Island has been leased out for Rs. 14 million to Qube Lanka Leisure Properties Private Limited, an Indian investor.
Qatari investors are also expected to build hotel in Kalpitiya and the Colombo Airport highway is to be extend to Kalpitiya.
With increased arrivals and high spenders patronizing Sri Lanka, the country hopes to attract nearly US $ 1.5 billion worth of hotel investments this year. Dubai saw the world’s first seven star hotel in Burj Al Arab and currently the second seven star hotel Apeiron is being built in Dubai. The hi-tech futuristic hotel Apeiron designed by UK’s Sybarite architects, would feature a two-storeyed jungle at the top of the 28-floor complex, 14 lifts, two cinemas and an under water spa and restaurant.
Shirajiv Sirimane writes for The Daily News – firstname.lastname@example.org