Vallibel One increases stake in The Fortress Resorts

Vallibel One PLC, a diversified conglomerate listed on the Colombo Stock Exchange, has increased its ownership stake in The Fortress Resorts, the company announced to the exchange.

The move represents Vallibel One's deepening commitment to the tourism and hospitality sector, a key component of Sri Lanka's economic strategy as the country works to rebuild following recent macroeconomic challenges.

The Fortress Resorts operates premium accommodation facilities that cater to both leisure and business travellers. The increased investment underscores investor appetite for high-quality hospitality assets as international travel to Sri Lanka shows signs of recovery.

Vallibel One's portfolio spans multiple sectors including financial services, investments, and tourism-related ventures. The company's expanded position in The Fortress Resorts reflects strategic positioning in assets expected to benefit from anticipated growth in visitor arrivals to the island nation.