International Hotel Chains in Sri Lanka

A number of international hotel chains have recognised the infinite potential of the tourism industry in Sri Lanka. Many of the world’s biggest brands have shown interest in opening luxury hotels in the island.

The global giant Starwood Hotels and Resorts Worldwide, the owners of the famous Sheraton brand has made an investment of USD 80 million. The Sheraton Colombo will be a 306-room hotel which will include a Presidential Suite as well as a number of other themed suite rooms. The property will house 4 restaurants and will be located in central Colombo. The Sheraton Colombo is expected to open its doors in October 2013.

Another leading hotel brand, Shangri-La Hotels and Resorts has made an investment of USD 550 million on its first ever hotel project in Colombo. The hotel will overlook the famed Galle Face Green promenade and is projected to be complete by the end of 2015. Offering some of the largest hotel rooms in the city, each room will be approximately 484 square feet by 592 square feet. The Shangri-La Colombo will include a wide range of specialty restaurant concepts and numerous dining opportunities.

The most recent chain of hotels to join in on the bandwagon is the Hyatt Hotels and Resorts Group. The Hyatt Regency Hotel will be a 43 story luxury 5 star property. The property is expected to feature 565 rooms, banquet facilities, numerous food & beverage outlets and a fitness centre.

Foreign investment continues to flood in as Sri Lanka’s popularity in the tourism and leisure sector grows. The industry benchmark in terms of product offered and service standard will be raised, with well established international brands joining in and heightening competition amongst city hotels.