Hyatt Hotel chain has entered into a management agreement to open its first property in Sri Lanka, the Hyatt Regency.
Following a deal with Sinolanka Hotels & Spa, the company will develop a Hyatt Regency hotel in Colombo, comprising 475 hotel rooms and 84 serviced residences. The property is expected to open in 2014.
The Hyatt Regency Colombo, a 42-floor hotel on Galle Road, one of the arterial roads in the central business district area, will also have a lobby lounge, an all-day dining, multi-cuisine restaurant, three specialty restaurants, a bar, eight spa treatment rooms, a fitness center, a swimming pool, and a Regency Club lounge. Additionally, the hotel will offer more than 17,000 sq. ft. (1,579 sq. m.) of enclosed meeting space, including a 7,500 sq. ft. (696 sq. m.) ballroom.
According to Ratnesh Verma, Hyatt’s Senior Vice President of Real Estate & Development for the Asia Pacific, “Sri Lanka continues to be a growing market and we are excited to work with Sinolanka on this iconic project in Colombo.” “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 travellers.
It is our privilege to work with Sinolanka and be part of the government’s initiatives to develop tourism infrastructure in Sri Lanka,” noted Verma. Gamini Senarath, Chairman of Sinolanka Hotels & Spa, expressing his views said that they were pleased to work with Hyatt on the first Hyatt-branded hotel in Sri Lank. “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. This year, around a million tourists are expected to visit the island.
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