Hilton, Grand Hyatt’s RFPs before cabinet
View(s):The under-construction Grand Hyatt Colombo, owned by Sri Lanka’s largest insurance and pension fund, along with the Colombo Hilton are set to be divested by its majority owner, the government and cabinet approval is being sought next week to issue the Request For Proposals (RFPs), informed Ministry officials said.
The Ministry of Public Enterprise Development which is now in the process of restructuring key State owned Enterprises (SOE) has got initial approval for the sale of the two state hotels, the officials said.
“When the part refurbishment at Colombo Hilton was completed (recently) there were many interested parties for that property and also Hyatt. So now we have decided to issue RFPs for both Hilton and Hyatt,” an official said. (DEC)