Kuda Rah Resort Sold For $6 Million Less
MIMihaaru – 2 days ago
Heads up!
This is an AI-generated summary and may contain inaccuracies. The original article should be consulted for complete accuracy.
Sri Lankan company Hayleys has decided to sell Kuda Rah Resort for $17.25 million. This price is $6 million less than the price they purchased the resort for in 2016. The asset transfer and handover process is expected to be completed within the next two to three months. The resort incurred a loss of $760,000 last year.