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The 80 Club at Independence Square, Colombo 7, which was taken over by the Ministry of Housing and Urban Development recently, will be transformed into an international class business club and expanded into a boutique hotel, a senior official said.
The Club takes up about 1.6 acres of prime land in Colombo and will be developed in the interest of the public because only few people are using this public land at present, Ministry of Housing and Urban Development Secretary Sirinimal Perera told the Daily FT.
He said Otters Club which was also taken over would be developed into a mixed development project inclusive of a car park and apartments as well an international sports arena.
“These are underutilised assets. We are going to make sure we make optimum use of these very valuable properties,” Perera added. (CK)