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Fri, 22 August 2014 16:51:51
Sri Lanka hotel under Hyatt Regency brand to open in 2014
19 Oct, 2012 19:32:18
Oct 19, 2012 (LBO) - Hyatt Hotels Corporation said it had inked a deal to manage a 42-floor hotel in Sri Lanka's capital Colombo under which will have 474 rooms and 84 serviced apartments, which will open in 2014.
The property owned by Sinolanka Hotels and Spa Private Limited will be branded a 'Hyatt Regency.'

"Sri Lanka continues to be a growing market, and we are excited to work with Sinolanka on this iconic project in Colombo," Ratnesh Verma, Senior Vice President - Real Estate and Development, Asia Pacific for Hyatt Hotels & Resorts said in a statement.

"Establishing our brand’s presence in key gateway cities like Colombo is an integral part of our strategy to drive preference for the Hyatt brand in the South Asian region.

"We believe the hotel’s excellent location and full range of services and dining options will meet the needs of both business and leisure travelers."

The building is one of the entities taken over by a controversial expropriation law, enacted last year, when its construction was halted due to collapse of a business group.

The building is now expected to open in 2014.

"We are pleased to work with Hyatt on the first Hyatt-branded hotel in Sri Lanka," Gamini Senarath, chairman of Sinolanka Hotels and Spa Private Limited was quoted as saying in the statement.

"Hyatt Regency Colombo is expected to be a flagship development for Sri Lanka, demonstrating the rapidly expanding opportunities in this country’s tourism sector."

Sri Lanka has seen a tourism boom with the end of a 30-year civil war in 2009. In 2012 around a million tourists are expected to visit the Indian Ocean island.
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READER COMMENT(S)
4. anuradha Oct 23
You only submitt what you want to submitt as comments?
3. anuradha Oct 22
Great
2. Lakshmi Oct 20
Who is Sino Lanka??? This building which was owned by Ceylinco was to be sold and the money to be used to pay the depositors who had lost their monies. Suddenly this has been bought over by God knows who and the depositors have been played out.
1. Kukumarx Oct 20
The original ceylinco project also sold apartments to individuals in the building. How are they being dealt with?