Browns Hotels and Resorts (Pvt) Limited, a fully owned subsidiary of Browns Investments PLC has signed an agreement with Alpha Kinam Holdings (Pvt) Ltd and NPH Investment (Pvt) Ltd to develop a property in the Male Island in the Maldives.
The agreement is to develop this property to a 4 Star hotel of approximately 150 rooms and 100 apartments with an initial investment of USD 9.5 million subject to statutory approvals and obtaining controlling interest.
Browns Investments has made a number of significant acquisitions and this is its first overseas investment.
www.adaderana.lk
The agreement is to develop this property to a 4 Star hotel of approximately 150 rooms and 100 apartments with an initial investment of USD 9.5 million subject to statutory approvals and obtaining controlling interest.
Browns Investments has made a number of significant acquisitions and this is its first overseas investment.
www.adaderana.lk
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