Hyatt International to manage Hyatt Regency Colombo at Celestial Towers
View(s):Hyatt International South West Asia Ltd, affiliated to Hyatt Hotels Corporation entered into a management agreement with Sinolanka Hotels and Spa on Friday to manage the Hyatt Regency Colombo hotel at the state-acquired Celestial Residencies, better known as Celestial Towers, at Kollupitiya.
The site is one of the iconic properties of collapsed Ceylinco group of companies and was acquired under the Revival of Underperforming Enterprises and Underutilized Assets Act as an underperforming asset.
The official signing of the agreement to provide management marketing and technical expertise to Hyatt Regency Colombo hotel developed by Sinolanka Hotels and Spa (Pvt) Ltd took place under the patronage of President Mahinda Rajapaksa.
Chairman of the company Gamini Senerath and Managing Director Piyadsa Kudabalage and group President, Hyatt Hotels-Europe,Africa, Middle East, and South West Asia Peter Fulton signed the agreement, according to a media release from the local company.
The project, expected to be completed by December 2013, will be developed as a five-star luxury hotel complex consisting of approximately 565 rooms with around 94,000 square meters in built up area and 43 stories in height.
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