Japanese firm to set up US $ 8.4mn boutique hotel in Ahungalla

BOI Chairman Mangala Yapa handing over the investment agreement to Wakana JPN (Pvt) Ltd Director Hiroyuki Ota

Wakana JPN (Pvt) Ltd. a Japanese firm which already operates two hotels in Sri Lanka’s southern coastal strip, is to invest US $ 8.4 million for a new boutique hotel in Ahungalla.
The 21-roomed property will be designed by famous Japanese architect Kengo Kuma and every aspect of the hotel from the design of the building, to the furniture, internal décor and cuisine, are to be optimized according to the traditions of both Sri Lanka and Japan.

Wakana JPN’s directors Hiroyuki Ota and T. G. Sunil Wickrama signed an investment agreement with the Board of Investment (BOI) for the new property.

The company already operates Coral Rock by Bansei (Bansei Royal Resorts Hikkaduwa PLC.) and Club Villa Bentota (Bentota Club Villa (Pvt) Ltd.).

“In addition to these investments, the group has a long history of having invested in Sri Lankan government financial securities and instruments,” a BOI statement said.