Laugfs Leisure Ltd, a subsidiary of diversified Sri Lankan conglomerate, Laugfs Holdings, held a ground-breaking ceremony for its 110-room luxury hotel in Pasikudah on 21 January. Construction at Pasikudah is currently underway through a major investment of Rs 2.5 billion from Laugfs. 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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