LAUGFS enters hospitality industry with

LAUGFS Leisure Ltd, a subsidiary of diversified Sri Lankan conglomerate, LAUGFS Holdings, laid the foundation for its 110-room luxury hotel in Pasikudah. Construction is currently underway and the company would invest Rs. 2.5 billion for this project. The property will be designed with state-of-the-art amenities and has a commercial opening scheduled to take place in June 2014.

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