Hyatt Hotels Corporation announced today that a Hyatt affiliate has entered into a management agreement with Sinolanka Hotels and Spa Private Limited for a Hyatt Regency hotel in Colombo, Sri Lanka. Hyatt Regency Colombo will be the first Hyatt-branded hotel in Sri Lanka.
"Sri Lanka continues to be a growing market, and we are excited to work with Sinolanka on this iconic project in Colombo," said Ratnesh Verma, Senior Vice President - Real Estate and Development, Asia Pacific for Hyatt Hotels & Resorts.
"We are pleased to work with Hyatt on the first Hyatt-branded hotel in Sri Lanka," said Gamini Senarath, Chairman of Sinolanka Hotels and Spa Private Limited. "Hyatt Regency Colombo is expected to be a flagship development for Sri Lanka, demonstrating the rapidly expanding opportunities in this country's tourism sector."
Expected to open in 2014, Hyatt Regency Colombo will be a 42-floor hotel on Galle Road. The hotel will feature 475 guestrooms and 84 serviced apartments, as well as a lobby lounge, an all-day dining, multi-cuisine restaurant, three specialty restaurants, a bar, eight spa treatment rooms, a fitness center, a swimming pool, and a Regency Club lounge. Additionally, the hotel will offer more than 17,000 sq ft of enclosed meeting space, including a 7,500 sq ft ballroom.