Thecity of Kandy will get its first mixed-development project by 2016 in the form of a US$ 24 million residential apartment complex along with a US$ 36 to 40 million 21- storey hotel. The project is the vision of a US- based Sri Lankan investor. Given the Sri Lankan government’s target of achieving 2.5 million arrivals by 2016, there is need for luxury hotel rooms in Kandy, which is one of the main tourism spots in Sri Lanka.
The complex would have 40 service apartments and a further 70 rooms along with a conference room and an international spa. Kandyborn Mohan Chandra Mohan, one of the investors of the project, is among the richest businessmen in the U. S.