Hyatt Regency Opening in Colombo, Sri Lanka in 2014

Discussion in 'Hyatt | Gold Passport' started by Jimgotkp, Oct 22, 2012.  |  Print Topic

  1. Jimgotkp
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    Jimgotkp Gold Member

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    Hyatt Hotels Corp. said it has finalized its agreement to build the first Hyatt-branded hotel in Colombo, Sri Lanka.
    The Chicago-based hotel chain will be working with developer Sinolanka Hotels and Spa Private Ltd. Hyatt said it wouldinvest about $37 million to build the hotel, according to the Daily Mirror.
    In March, the Sri Lankan Cabinet of Ministers approved the project, which is going to be built on land that had been abandoned by another developer over three years prior, according to ColomboPage, Sri Lanka's Internet newspaper.
    Hyatt Regency Colombo is slated to open in 2014. Located on Galle Road, the 42-floor hotel will have 475 guest rooms, 84 serviced apartments, 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, meeting space and a Regency Club lounge.
    “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,"Ratnesh Verma, senior vice president of Hyatt's Asia Pacific real estate and development unit, said in a statement. "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."
    Earlier this month Hyatt (NYSE: H) said it was building its first hotel in Uruguay.

    Information from: http://www.bizjournals.com/chicago/news/2012/10/19/hyatt-hotels-to-enter-sri-lanka.html
     
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  2. uggboy
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    uggboy Gold Member

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    Excellent news. Thanks for sharing.:)
     
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