The Cabinet of Ministers on its meeting on Monday has approved a $ 79.4 million hotel project by D.R. Home Appliances Ltd. to build a 652-room luxury city hotel in Colombo-3. The firms is a subsidiary of the popular furniture brand, Damro, Piyesttra and D.R. Industries Ltd. Approval of the Board of Investment (BOI) has been received to award relevant concessionaires to the proposed project under the Strategic Development Projects Act No. 14 of 2008 subsequent to identification as a strategic development project under that Act. The resolution furnished by Prime Minister in his capacity as the E…
