SRI LANKA-based Sunshine Holdings subsidiary Sunshine Travels and Tours last week signed an agreement with Nadathur Far East, an affiliate of Singapore-based SilverNeedle Hospitality Group, to manage and develop new hotels in Sri Lanka.
Sunshine Holdings said in a statement that the move was in line with SilverNeedle’s plans to expand its room base in Asia to 10,000 within five years through three-to-five-star properties.
Sunshine Travels and Tours operates a string of boutique hotels under the Mandira brand in Sri Lanka’s tea-growing hill regions using colonial-styled bungalows.
