Construction of a Hyatt Regency Hotel in Colombo commenced yesterday with the participation of Minister of Economic Development Basil Rajapaksa.
The project will develop a 43-story five-star luxury hotel complex which will be managed by the Hyatt International under the Hyatt Regency brand.
Once completed, the proposed hotel, Hyatt Regency Colombo will have modern facilities with large banqueting and meeting spaces, food and beverage outlets, fitness center, entertainment and adequate parking for the visitors.
The project is developed by Sinolanka Hotels & Spa (Pvt) Ltd with the required capital from a consortium of investors consisting private and state entities including the Sri Lanka Insurance Corporation Ltd.
In an effort to meet the growing demand for accommodation of tourists to the country following the end of the conflict three years ago, the government has revived the Hyatt Regency Colombo hotel project which was originally proposed in 2003. The land was originally leased to the previous developer in 2003 for scheduled completion of the project in 2008 but the project has remained abandoned over the past 3 years.
The government has taken over the project under the Revival of Underperforming Enterprises & Underutilized Assets Act, enacted in November 2011.
In March 2012, the Cabinet of Ministers approved a proposal to re-develop the property as a fully-fledged multi-faceted hotel complex to support the government initiative in tourism infrastructure development and to meet the demand from the growing tourists to the country.
The hotel will feature approximately 565 rooms with 475 guest rooms. The guest rooms will include 54 suites, 265 King rooms, 150 Twin rooms and 6 rooms for the disabled. An infinity pool with a pool deck with seating for 76 will be constructed on the 11th floor.
The new developer has engaged well-known industry professionals to design and build the complex including the award winning interior designer, Bilkey Llinas Designs of Hong Kong, restaurant designer, Super Potato from Japan, design architect, Design Consortium Ltd and MAGA Engineering (Pvt) Ltd as the main contractor.
Secretary, Ministry of Defence and Urban Development Gotabhaya Rajapaksa, MP Namal Rajapaksa, Additional Secretary to the President and Chief of Staff and the Chairman of the Sino Lanka Gamini Senarath, Secretary, Ministry of Finance & Planning Dr. P B Jayasundara, and Board of Investment Chairman Mr. M.M.C. Ferdinando also participated in the occasion.