Hyatt Regency Colombo will be the first Hyatt-branded hotel in Sri
Lanka
CHICAGO--(BUSINESS WIRE)--Oct. 18, 2012--
Hyatt
Hotels Corporation (NYSE: H) 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. “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. 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. It is our
privilege to work with Sinolanka and be part of the government's
initiatives to develop tourism infrastructure in Sri Lanka.”
“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, which is one of the arterial roads in the central
business district (CBD) area. 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 (1,579
sq m) of enclosed meeting space, including a 7,500 sq ft (696 sq m)
ballroom.
For more information, please visit www.hyattdevelopment.com.
About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading
global hospitality company with a proud heritage of making guests feel
more than welcome. Thousands of members of the Hyatt family strive to
make a difference in the lives of the guests they encounter every day by
providing authentic hospitality. The Company’s subsidiaries manage,
franchise, own and develop hotels and resorts under the Hyatt®,
Park Hyatt®, Andaz®, Grand Hyatt®, Hyatt Regency®, Hyatt Place® and
Hyatt House
TM brand names and
have locations on six continents.
Hyatt House
is changing
its brand identity from Hyatt Summerfield Suites®.
Hyatt Residential Group, Inc., a Hyatt Hotels Corporation
subsidiary, develops, operates, markets or licenses Hyatt
ResidencesTM and Hyatt Residence
ClubTM. As of June 30, 2012, the
Company’s worldwide portfolio consisted of 492 properties in 45
countries. For more information, please visit www.hyatt.com.
Forward-Looking Statements
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historical facts, are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements
include statements about our plans, strategies, occupancy and ADR
trends, market share, the number of properties we expect to open in the
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others, general economic uncertainty in key global markets, the rate and
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spending in business and leisure segments as well as consumer
confidence; declines in occupancy and average daily rate; our ability to
successfully execute and implement our organizational realignment and
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Company’s filings with the U.S. Securities and Exchange Commission,
including our Annual Report on Form 10-K, which filings are available
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forward-looking statements, which are made as of the date of this press
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Source: Hyatt Hotels Corporation
Hyatt Hotels Corporation
Siân Martin
+1 312 780 5797
sian.martin@hyatt.com
or
Yasmin
D. Poonegar
+971 50 1891 262
yasmin.poonegar@hyatt.com