Hyatt has entered into a management agreement to open its first property in Sri Lanka.
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.
“Sri Lanka continues to be a growing market and we are excited to work with Sinolanka on this iconic project in Colombo,” said Ratnesh Verma, Hyatt’s Senior Vice President of Real Estate & Development for the Asia Pacific. “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.”
Hyatt Regency Colombo will be a 42-storey hotel on Galle Road, in the centre of the Sri Lankan capital. Facilities will include five restaurants, a bar, lounge, fitness centre, swimming pool and a spa with eight treatment rooms. The hotel will also offer more than 1,500m² of meeting space, including a 696m² ballroom.
“We are pleased to work with Hyatt on the first Hyatt-branded hotel in Sri Lanka,” said Gamini Senarath, Chairman of Sinolanka Hotels & Spa. “Hyatt Regency Colombo is expected to be a flagship development for Sri Lanka, demonstrating the rapidly expanding opportunities in this country’s tourism sector.”