Grand Hyatt Colombo to open by 2017 winter season
View(s):The much-awaited Grand Hyatt Colombo, which has gone through many a false start in recent years owing to the change in governments and questions over its local owning company, is now set to be operational by December 2017. A statement to the media by owning company Sino Lanka Hotels and Spa said the Grand Hyatt Colombo features elegant architecture, spectacular lobby and public spaces, and multiple dining experiences, in addition to a wide range of accommodation facilities. The US$240 million property consists of 1.1 million sq. ft built up area spread across 49 levels. It will have 397 rooms, 61 suites and 100 serviced apartments (ranging from 1 to 3 bed rooms).
Travel industry observers said the Grand Hyatt on completion would be the biggest global brand in more than two decades to hit Sri Lankan shores after the Hilton Colombo was built. The owning company has gone through many ups and downs since its troubled launch under the chairmanship of Gamini Senerath, a key aide of former President Mahinda Rajapaksa. Mr. Senerath, like many of the former President’s closest aides is under investigation for improper dealings. The statement issued by Sino Lanka Managing Director Rajah Abayasinghe said that the city hotel market has seen a healthy growth during the last five years.
“Average annual occupancy has been above 70 per cent during the same period. Even with expected additions (currently on-going projects), Colombo will experience (a) significant shortage of hotel rooms by 2026. Estimated shortage of room capacity by 2026 is around 12,500 rooms unless new projects are started within (the) next five years,” he said. The hotel’s banquet and conference facilities are spread across two floors, occupying over 35,000 sq.ft. The main ballroom will be able to accommodate more than 1,000 guests. Grand Hyatt Colombo, a project undertaken by Canwill Holdings (Pvt) Ltd, is owned by Sri Lanka Insurance Corporation (SLIC), Employee Provident Fund (EPF) and Litro Gas Lanka (which is also a subsidiary of SLIC).