GOH to undergo major facelift
Indunil HEWAGE
Grand Oriental Hotel, one of the oldest hotels in Colombo adjoining
the Colombo Harbour is expected to see a major facelift with strategic
investments to be made in the coming months.
Speaking to Daily News Business, Grand Oriental Hotel Chairman
Diyanath Rohan Jayasinghe said discussions are under way to add another
100 rooms to the hotel before the end of 2013. It is too early to
quantify the total investment of the project or the main investor
parties involved in the project since project suggestions are still
under review.
According to Jayasinghe, the Bank of Ceylon would probably have a
major share of investment for the proposed hotel development project as
BOC owns 90% stake of Grand Oriental hotel.
The hotel has been neglected for a long period of time and what we
want is to regain our past glory with making the hotel as a star class
hotel in Sri Lanka. The hotel has also seen a significant growth rate in
terms of occupancy level and revenues.
At present, the Grand Oriental Hotel boasts of 100 rooms, of which 76
are operational and 25 being upgraded.
Sources said that the investment is assumed to be over Rs one
billion.
One of the leading hotel chains in Singapore, Raffles has also held
discussions with the senior management of the GOH on the improvement of
the hotel.
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