Hyatt Regency hotel in Colombo, the first Hyatt-branded hotel in Sri Lanka will open in 2014, the Hyatt Hotels Corporation announced Thursday. An affiliate of Hyatt Hotels Corporation, headquartered in Chicago has entered into a management agreement with Sinolanka Hotels and Spa Private Limited to build a 42-floor hotel on Galle Road in Colombo.
Gamini Senarath, Chairman of Sinolanka Hotels and Spa Private Limited and Peter Fulton, President of the Hyatt's Europe, Africa, Middle East and East Asia operations signed the agreement Thursday in the presence of the President Mahinda Rajapaksa at the Temple Trees to assign the management of the new Hyatt Regency Hotel to SinoLanka.
"Sri Lanka continues to be a growing market, and we are excited to work with Sinolanka on this iconic project in Colombo," Ratnesh Verma, Senior Vice President - Real Estate and Development, Asia Pacific for Hyatt Hotels & Resorts said in a statement.
"Establishing our brand's presence in key gateway cities like Colombo is an integral part of our strategy to drive preference for the Hyatt brand in the South Asian region," Verma added. "We believe the hotel's excellent location and full range of services and dining options will meet the needs of both business and leisure travelers.
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