International hotel company, Inter Continental signs agreement to bring its flagship brand to Colombo
One of the world’s leading hotel companies, Inter Continental Hotels Group (IHG) has reportedly signed a management contract with Pearl Grand Tower Hotel in Sri Lanka to bring its flagship Inter Continental brand to Colombo again.
Inter Continental Colombo is due to open in 2019 and is to feature 307 rooms including 47 suites and will be spread across 480,000 sq. ft., with a tower comprising 42 floors that will be located in Colombo 3.
According to reports, the Hotel will be located centrally along Galle Road making it easily accessible for guests.
Situated in close proximity to international and domestic Airports and 3 km from the city centre and housing meeting and banqueting facilities spread over 12000 sq ft, the hotel will cater to the growing demand for business and leisure accommodation in the city.
Sudeep Jain, Vice President of development for Southwest Asia, IHG, has said that the move was in line with the company’s strategy to grow IHG’s footprint across South West Asia, and expand the presence of the InterContinental brand in key cities and resort destinations in the region.
The signing follows the opening of IHG’s 1,000th hotel in Europe, Middle East, Asia and Africa, according to a report from Hotelier Middle East.
InterContinental Phu Quoc Long Beach Resort in Vietnam has 459 guestrooms, suites and villas.
These two hotels opened as part of IHG’s plans to open 321 hotels with more than 63,500 guestrooms in EMEAA.
A.L.M. Faris, Chairman, Pearl Grand Tower Hotel has reportedly said that they are delighted to be partnering with a leading global hospitality company such as IHG for our upcoming project.
“The InterContinental brand is known worldwide for offering bespoke and unique luxury experiences to the guests, and we are thrilled to be bringing the brand to the country, to cater to the discerning local, domestic, and international travelers visiting Colombo, for leisure or for business,” Faris has been quoted as saying.
OSL take:
The re-entrance of the Inter Continental Group to Sri Lanka indicates the increase in business confidence towards Sri Lanka. It is yet another indication of the continuous growth recorded by Sri Lanka’s tourism sector. Given the latest statistics and the entrance of more world brands, Sri Lanka’s tourism industry presents the best investment opportunity for foreign businesses.
| Article Code : | VBS/AT/20180720/Z_8 |