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Buying and selling Hotel Ceylon Inter Continental
Those who once couldn’t afford to buy a visitor lunch at the hotel, eventually bought hotel!
(Excerpted from Simply Nahil: Maverick with the Midas touch, biography of Nahil Wijesuriya)
While they were operating East West Enterprises (EWE) on the fourth floor of Ceylinco House, their office overlooked the brand new Intercontinental Hotel, the first five-star hotel in town with five-star prices. Whenever they had guests from overseas visiting the office. especially closer to noon, the courteous thing to do was to offer them lunch, which they did, inquiring from the guest as to where they would like to eat, while holding their breath hoping they wouldn’t choose a restaurant at the Intercontinental. Being a small operation of five, Lester, his niece Anne, Secretary Feroza, Man Friday Farook and Nahil, their petty cash did not stretch enough to afford a meal at the Intercontinental. However. a few years later their petty cash stretched far enough to buy the hotel, which they did!
Acquiring and Sale of the Hotel Ceylon InterContinental
Kumar Sharma, an Indian living in Sri Lanka, owned the hotel which he had acquired from the Intercontinental chain. Vijitha, Nahil’s son, was a schoolmate and a great friend of Sharma’s son, Sandeep. The young man, was an amiable lad, who would occasionally stay over at Nahil’s. His father enrolled him at the best hotel school in Switzerland to follow a three-year course in Hotel Management; regrettably he returned to Colombo after three months, affirming to his dad that he was not interested in hotel management or any related field.
Sharma had bought the hotel from the Intercontinental chain sometime before, envisioning his son would take over and operate the hotel after his graduation in Switzerland. Considering his son’s decision, all his grandiose plans for the lad went awry. Disappointed, he offered to sell the hotel to Nahil.
Lanka Securities was the brokers of the transaction. The price Sharma quoted seemed like a good deal; interested, Nahil inquired of him if he had any debt, to which he replied, “What debt? I have 10 billion cash surplus.” Nahil bought the hotel with no financial due diligence, nor physical due diligence. He managed to raise the necessary cash, buying the hotel without even visiting it; this was an honest deal between two friends.
On acquiring the hotel he did some refurbishing, getting the hotel ready for the market place, although the civil war was slowing things down on the tourism front. The Central Bank had erected a massive barrier almost opposite the entrance into the hotel, subjecting hotel visitors to double security checks, one at the roundabout and the other at the barrier. Prasanna Jayawardena of Elephant Corridor fame, a college mate of Nahil’s, was visiting the Governor of the Central Bank and invited Nahil to tag along so he could state his case concerning the excess security barrier opposite his hotel.
As Nahil tried to explain to the Governor the inconvenience faced by visitors to the hotel due to the two security checks three meters apart, he humbly requested him if possible to intervene and make it a single check. The Governor got aggressive and said something to the effect of “Do you want me to get fully checked?” – meaning ‘I can make it worse for you’. That was frustrating. You go to him for a solution and he becomes the problem. As a rebuttal, Nahil was about to say something nasty to the man, when Prasanna anticipated his mood and kicked him under the table as a sign to keep his mouth shut.
They were in this huge room which had a cupboard in one corner. When the man opened the cupboard to get something, Nahil noticed that it held a large number of fancy suits whereas Nahil expected to see a library of books pertaining to finance.
Nahil made vast improvements on a barrage of mistakes he found in the hotel structure – the steps were the wrong size and the plumbing messed up, among a host of other sundry mistakes. In addition, auxiliary repairs were carried out wherever necessary.
Meanwhile, the Ports Authority, which was on the lookout for a building to purchase as an office complex, made an offer to buy the hotel for this purpose. Nahil’s Secretary at the time was Surani, whose husband knew the bigwigs of the Ports Authority. Acting as a broker, he was aggressively trying to get the deal together based on the price quoted to him. Nahil maintained he would sell only if he got his price.
The Sunday Leader got a hold of the story and ripped it to bits with the headlines, ‘Why is the Ports Authority trying to buy a 5-star hotel to use as an office?’ The Tuesday after the article appeared, he happened to meet Mahinda Rajapaksa in the lobby of the hotel. on his way out from a wedding. Greeting him. ‘MR says. “What’s this story that you are trying to sell the hotel, Nahil? Are you crazy? Hang on to it, the real estate price is going to skyrocket in the near future.” Nahil took his advice and held on. He reckons MR was his best financial consultant. better than his bank. Suddenly the war was over and the value of the hotel doubled!
Nimal Perera, and Margu Murugeswaran, with the help of Dhammika Perera, made a bid for the hotel. East West owned 95% of the whole business, though it was a public quoted company. The public holding was negligible. Hayleys, due to a shortage of finances, bought the controlling interest of the hotel whilst the balance was sold in the open market, which was arranged by Nimal Perera. Hayleys may have bought the bulk of the remaining shares subsequently. Every time your total holdings go beyond 30% you have to make a general offer to the other shareholders to buy at the same price.
After Nahil sold Hotel Intercontinental to Hayleys which bought 51% of the shares, Nahil remained the Chairman of the Hotel until Hayleys made a general offer, after which the old Board appoints a new Board while the former retires, giving time for the remaining 49% shares to be listed at the CSE. Nahil realized he had not been paid his monthly stipend of Rs. 1 M for three months, and inquired from Mohan Pandithage as to why he was not being paid.
Mohan was brash and told him that his claim for the Rs. 1 M ceased the day he bought the hotel from Nahil. His Rs. 3 Million is still outstanding. Niraj Deva Adittiya got himself appointed to the new Board of Directors and always uses the Presidential Suite whenever he arrives for a Board meeting. Though he has done nothing he still uses the Presidential Suite.
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Prime Minister participates in Global Conscious Food Systems Summit in Bhutan
Prime Minister Dr. Harini Amarasuriya departed Sri Lanka on Monday, 31 August, to undertake an official visit to Bhutan to participate in the Global Conscious Food Systems Summit, scheduled to be held in Bhutan.
During her visit, Prime Minister Dr Amarasuriya participated in the opening plenary of the Summit on 1 September, where she delivered a keynote address under the theme “Rising to the Moment: Igniting Consciousness to Address the Polycrisis.”
The Prime Minister will also engage in discussions with international leaders and representatives on strengthening cooperation towards sustainable food systems, food security and resilient communities.

[Prime Minister’s Media Division]
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Bouchier century sets England up for record 282-run chase against Ireland
Maia Bouchier’s century led England to their highest successful ODI run-chase to defeat Ireland by six wickets in the opening match of their three-game series in Leicester.
Bouchier initially played a supporting role to Sophia Dunkley’s 61-ball 73. But, after the duo had shared a 143-run opening stand off just 118 balls to set the foundations for England, Bouchier finished with an emphatic 104 off 95.
It was England’s older hands who saved the hosts after Ireland had posted an impressive 281 for 5 on a good batting track, with fifties to captain Gaby Lewis, Amy Hunter and Rebecca Stokell. But while Bouchier, Dunkley and Alice Capsey share more than 100 ODIs between them, in the context of the hosts’ developmental approach to this series, Bouchier’s performance was most on point.
On the eve of this first match, stand-in skipper Charlie Dean had emphasised the opportunities for players to establish themselves as top selection choices with five key players missing from the squad. Bouchier, who since the 2025 Ashes has only played a bit-part for her country, got the message and sent one right back.
With Tammy Beaumont and Heather Knight retired and Amy Jones rested for this series, England entered this match with a new top order, Dunkley promoted to open alongside Bouchier and Jodi Grewcock at No. 3, playing just her third international.
The new opening pair made light work of their task early on as Ireland’s bowlers struggled to make any impact, as England’s attack had earlier.
Bouchier crashed four fours in a row off Jane Maguire and, after 10 overs, they were 72 without loss, compared to Ireland’s 51 for 1.
Dunkley reached fifty first, off 40 balls with 10 fours, including the one that brought up the mark, crashed through the covers off Kia McCartney. Bouchier reached her half-century off 63.
Dunkley survived a stumping attempt while trying to drive legpsinner Cara Murray but she fell next ball, smashing one back for a sharp return catch.
Murray was finding appreciable turn and she bowled left-hander Grewcock through the gate with one that pitched on middle and hit the top of leg stump.
Bouchier raised her ton off 91 balls, driving McCartney through the covers for her 11th four. But she fell moments later, picking out Orla Prendergast at long-on off the bowling of Arlene Kelly.
That left Capsey to combine with another first-choice England player in Freya Kemp to take their side to the brink of victory with a 54-run partnership for the fourth wicket. With one shot needed for victort, Kemp holed out for a typically quickfire 36 off 22 balls, including four consecutive boundaries off Arlene Kelly, before Capsey struck the winning four to remain unbeaten on 41.
Earlier, the hosts had battled to crack a century stand for the second wicket between Hunter and Lewis, before Stokell fired off a 43-ball fifty.
Stand-in wicketkeeper Capsey, taking the gloves for Jones, took an excellent catch dive-rolling to her right to remove Alice Tector off an edge from Issy Wong to put Ireland at 13 for 1 in the fifth over.
But then Hunter and Lewis settled into their stubborn stand worth 136 runs off 152 balls, negating the hosts’ three-pronged spin attack with ease and showing little mercy to the seamers either.
The duo reached half-centuries within a few strokes of one another, Hunter first off 67 balls with a swept four over midwicket followed by a leg-side single off Mady Villiers, the off-spinner playing her first white-ball international in two years. Lewis raised her fifty off 66 balls by pulling a short ball from Lauren Filer for four.
Wong returned to the attack in the 30th over and struck with her third ball back, a fuller one which jagged in through the gate and clattered into Lewis’s stumps to break their union.
Tilly Corteen-Coleman was expensive in her fifth match for England, coming after she had warmed the bench in the shadow of fellow left-arm spinners Sophie Ecclestone and Linsey Smith during the T20 World Cup.
With Corteen-Coleman having conceded 53 runs off seven wicketless overs, England skipper Dean deployed her offspin to prise out Hunter, luring her down the pitch with one that slid past the inside edge and turned onto leg stump.
Stokell had raced to 46 off 37 balls when and was still on the cusp of her half-century when she overturned an lbw dismissal to Dean, with replays showing the ball pitched outside leg stump. Having already celebrated her fifty for a four that replays showed had actually come off her helmet, she brought up the milestone with a single back over the bowler’s head off Dean. who then bowled Leah Paul next ball to claim her second wicket.
Scores:
England Women 283 for 4 in 38.1 overs (Maia Bouchier 104, Sophia Dunkley 73, Alice Capsey 41*; Cara Murray 3-58) beat Ireland Women 281 for 5 in 50 overs (Gaby Lewis 69, Amy Hunter 62, Rebecca Stokell 54*; Issy Wong 2-57, Charlie Dean 2-44) by six wickets
[Cricinfo]
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Showers will occur in the Western and Sabaragamuwa provinces and in Galle, Matara, Kandy and Nuwara-Eliya districts
WEATHER FORECAST FOR 02 SEPTEMBER 2026
Issued at 05.30 a.m. on 02 September 2026 by the Department of Meteorology
The atmospheric conditions are getting favorable for afternoon thundershowers in the Northern, North-central, Eastern and Uva provinces in the next few days.
Several spells of showers will occur in the Western and Sabaragamuwa provinces and in Galle, Matara, Kandy and Nuwara-Eliya districts. Showers or thundershowers may occur at a few places in the Eastern and Uva provinces and in Mullaitivu district after 2.00 p.m.
Fairly strong winds of about (30-40) kmph can be expected at times over the Western slopes of the Central hills, the North-central and North-western provinces and in Hambantota and Matale districts.
The general public is kindly requested to take adequate precautions to minimize damage caused by temporary localized strong winds and lightning during thundershowers.
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