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Singapore Company buys Marriott Weligama Bay

Singapore-based expert Hotel Properties Ltd. Group has said the purchase of Lankan business tycoon Nahil Wijesuriya-owned Marriott Weligama Bay Resort & Spa for nearly LKR 4 billion.

HPL Group subsidiary HPL Properties (West Asia) Pte Ltd., has arrived into Share Purchase Agreements with East West Properties PLC, Asia 2000 Investment Inc., and The Monetary Board of The Central Bank of Sri Lanka for the planned acquisition of the entire equity interest comprising 405,200,000 ordinary shares collectively owned by the Sellers in the capital of Weligama Hotel Properties Ltd. (WHPL).

WHPL owns a 198-key 5-Star Resort known as the Marriott Weligama Bay Resort & Spa, situated at Weligama, Sri Lanka. The delivered and paid up capital of WHPL is LKR 1.93 billion including 405,200,000 ordinary shares.

Connected to the famous investor Ong Beng Seng, the HPL Group has benefits in 32 hotels under significant hospitality brands such as Four Seasons, Hilton International, Como Hotels, InterContinental Hotels Group and Six Senses Hotels.

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