Browns Investments sells Barceló Whale Lagoon Maldives for $57.5 million
Sri Lankan conglomerate Browns Investments PLC (BIL) has announced an agreement to sell the assets and business of the Barceló Whale Lagoon Maldives Resort for USD 57.5 million. The sale was made by BIL’s subsidiary, Browns Ari Resort (Private) Limited, to ASB Hotel Properties Maldives Private Limited. The transaction is subject to standard conditions, including […]
The Maldives invites Sri Lankan investment in the tourism industry
The Maldives has invited Sri Lankan and other regional developers to invest in the financing of the tourism industry.
