International brand Sheraton to open luxury hotel in Sri Lanka next month - Opportunity Sri Lanka
International brand Sheraton to open luxury hotel in Sri Lanka next month

International brand Sheraton to open luxury hotel in Sri Lanka next month

Sheraton Hotel, which is a 300 plus room luxury hotel in Sri Lanka’s commercial capital – Colombo, is reportedly planning on opening next month (February).
The opening of Sheraton Colombo is expected to make it the first major global brand to debut in Sri Lanka after the new government took office.
The hotel on 25 floors will have 241 rooms and 79 suites while on the banquets area Sheraton will offer 8 meeting rooms, 7,728 sq ft of total meeting space, local media reports state.
The total investment for the hotel is in the excess of US$ 80 million and will employ over 650 and training for the staff is now in process.
Sheraton Hotels and Resorts is the flagship brand of Starwood Group and is recognised world-wide as offering luxury hotel and resort accommodation. They operate nine internationally recognised brand names – St Regis, The Luxury Collection, W, Westin, Le Meridien, Sheraton, Four Points by Sheraton, Aloft and ElementSM.

OSL take:

The continuous growth recorded by Sri Lanka’s tourism industry has pushed many international brand names in the hospitality trade to open up their hotels in Sri Lanka as well. Sri Lanka’s tourism industry is on a continuous growth path and the island continues to be listed as a must visit destination by globally renowned travel publications. Foreign businesses could therefore explore business/investment opportunities in Sri Lanka’s tourism industry.

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Article Code : VBS/AT/20200117/Z_4

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