Sea Pearl hotel to operate La Villa Western

Sea Pearl hotel, owner of Royal Tulip Sea Pearl Beach Resort & Spa in Cox's Bazar, is going to operate a hotel in Dhaka on a rental basis.

The listed company yesterday announced that its board had decided to run the La Villa Western situated at the Baridhara diplomatic zone in Dhaka.

The eight-storey La Villa Western hotel has a floor space of approximately 15,000 square feet. It has 26 rooms and two restaurants.

The estimated cost for renovation and other expenditures of the hotel will be around Tk 1.5 crore, according to a disclosure on the website of the Dhaka Stock Exchange (DSE).

The operation of the new hotel will contribute an additional estimated yearly revenue of around Tk 4 crore to Sea Pearl.

Shares of Sea Pearl Beach closed 0.95 per cent lower at Tk 41.60 on the DSE yesterday.