Colombo Hilton & Grand Hyatt’s RFPs soon
The Grand Hyatt Colombo, owned by Sri Lanka’s biggest insurance and pension fund, along with the partly refurbished Colombo Hilton are set to be divested by the government, their majority owner. The Ministry of Public Enterprise Development which is now in the process of restructuring key State owned Enterprises (SOE) is preparing Request for Proposals for the two state hotels to attract potential investors, Ministry officials said. ”When the part refurbishment at Colombo Hilton was completed, there were many interested parties in that property and also Hyatt,” an official told the Business times. The Grand Hyatt has a new structure and design in the three topmost floors with better space utilisation that will fetch the government some US$ 13,500 income for a day per floor, according to him.