Grand Hyatt Colombo to open next year

Sri Lanka's travel and tourism industry will receive a boost with the opening of Grand Hyatt Colombo in December next year. It will raise the bar in the luxury city hotel market in Sri Lanka.

Grand Hyatt Colombo features elegant architecture, spectacular lobby and public spaces, and multiple dining experiences, in addition to a wide range of accommodation facilities, a company spokesperson said last week.

The US $ 240 million property has a built-up area of 1.1 million square feet spread across 49 levels. It will have 397 rooms, 61 suites and 100 serviced apartments (ranging from one to three bed rooms).

Grand Hyatt Colombo is a project by Canwill Holdings (Pvt) Ltd, owned by Sri Lanka Insurance Corporation (SLIC), the Employee Provident Fund (EPF) and Litro Gas Lanka (which is also a subsidiary of SLIC).

The estimated shortage of room capacity by 2026 is around 12,500 rooms unless new projects are launched within the next five years.