Sheraton to open in October 2013

Lanka Hotels and Residencies (Pvt) Limited on Friday formally entered into an agreement with Starwood Hotels & Resorts Worldwide, Inc. the owners of the ‘Sheraton’ brand to operate and manage Sheraton Colombo.  The new Sheraton hotel in Colombo is expected to open its doors in October 2013.  Lanka Hotels & Residencies (Pvt) Limited and its promoters, Greenwater Resorts (Pvt) Limited of India and Eurocon Building Industries FZC of the UAE together with their Sri Lankan partner are making an investment of USD 80 Million in the new ‘Sheraton’ hotel in Colombo. This will be the first world known international brand hotel which will become operational since the end of the war.
COLOMBO- SHERATON will be a 306- roomed property complete with  a Presidential Suite and other themed luxury suites. The hotel will include a collection of 4 restaurant outlets and is centrally located in Colombo 3. The Architectural contract was awarded to a leading global firm of Architectural Design Consultancies, M/S W.S.Atkins – Designers and Engineers for Burj-Al-Arab, The Address Hotel, Dubai’s Metro System and the Olympic Games in London 2012.  The interior design contract was awarded to M/S Catallo and Associates of Singapore. The shareholders of Lanka Hotels & Residencies have demonstrated their commitment to the importance of Sri Lanka as an emerging market in the hospitality and leisure sector and are actively seeking to make further investments in Sri Lanka.