Hyatt hotel project to go ahead as planned

The new board of directors appointed to overlook operations of the state-owned Grand Hyatt Hotel holdings company, Can will Holdings (Pvt.) Ltd, assure that construction work of the project would proceed unimpeded.

Can will Holdings was transferred over to the Ministry of Public Enterprise Development headed by subject minister Kabeer Hashim and Deputy Minister Eran Wickramaratne from the Ministry of Finance during the Cabinet restructuring in September.

The new board of directors have already fused the expertise of professionals from a wide ranging strata to ensure that the project would be completed as scheduled in the year 2017 devoid of any further delays.

All tenders pertaining to the construction of the project have already been published in newspapers and are under evaluation by the board.

The new board of directors are tasked with expediting work on the project, reducing waste and procuring returns on the invested share capital.

Hyatt international a global brand is expected to attract high end vacationers and top level businessman, further enhancing the country’s already booming tourism industry and foreign investment opportunities.

The project will be developed as a high end hotel complex with modern amenities and facilities and will comprise of 43 stories. Once it is completed, Hyatt Regency Colombo will be the tallest hotel complex in Sri Lanka.