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Message: <blockquote data-quote="monson" data-source="post: 20201421" data-attributes="member: 30005">Grand Hyatt Colombo ready for 2017 winter season <img src="http://www.dailynews.lk/sites/default/files/news/2016/05/26/z_pii-grand-hyatt1.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" />Sri Lanka’s travel and tourism industry will see a major boost with the opening of Grand Hyatt Colombo for the December season 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.The US$ 240 million property consists of 1.1 million sq.ft built up area spread across 49 levels. It will have 397 rooms, 61 suites and 100 services apartments (ranging from 1 to 3 bed rooms). Hence Grand Hyatt Colombo will be the only 5-star property catering to both short and long stay market segments. Furthermore, the hotel will have ten restaurants including three restaurants located at 43/44 levels with views of the city and Indian ocean.Grand Hyatt targets high end business, official and leisure travellers. The hotel will be the preferred hotel of VIP guests because of the high level of security, privacy and convenience it offers. Furthermore hotel aims to attract grand business and social events.Hotel will have dedicated banquet and conference facilities spread across two floors occupying over 35,000 sq.ft. hotel’s main ballroom will be able to accommodate more than 1,000 guests.Grand Hyatt Colombo is a project undertaken by Canwill Holdings owned by Sri Lanka Insurance Corporation (SLIC), Employee Provident Fund (EPF) and Litro Gas Lanka (which is also a subsidiary of SLIC).Hyatt Hotels Corporation is a leading American hospitality company and manages hotels under several brands and categories. “Grand Hyatt” is the flagship brand reserved for large properties in major cities and major holiday destinations. As at December 31 2015, Hyatt Hotels Corporation portfolio consists of 628 properties in 52 countries.Sri Lanka’s City Hotel market has seen a healthy growth during last 5 years. Average annual occupancy has been above 70% during the same period. Even with expected additions (currently on-going projects), Colombo will experience significant shortage of hotel rooms by 2026.Estimated shortage of room capacity by 2026 is around 12,500 rooms unless new projects are started within the next five years.- <a href="http://www.dailynews.lk/?q=2016/05/27/business/82913" target="_blank">http://www.dailynews.lk/?q=2016/05/27/business/82913</a></blockquote>

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