Laugfs Holdings is diversifying its business into the leisure sector with a Rs. 500 million investment on a small luxury hotel.
The project is targeted to be completed within eighteen months, General Manager, Laugfs Leisure Limited, Aruna Jayalath said.
Jayalath said the construction of the project will start in January 2008.
They have also applied for membership with the Small Luxury Hotels Association (SLHA)in UK. There are only three Sri Lankan hotels who are members of this organisation. SLHA has commenced inspections on this project.
The hotel is planned to be built in an area between Negombo and Chilaw. The area is untapped in terms of development.
The village income is based on the fisheries sector.
It stimulates attention of tourists with the natural environment, he said.
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