HPL Hotels makes offer for Sri Lankaâ€™s Grand Oriental Hotel
ECONOMYNEXT – The Sri Lankan government is to study a proposal by Singapore’s hospitality management firm HPL Hotels & Resorts to invest in and upgrade the colonial-era Grand Oriental Hotel (GOH) overlooking Colombo port.
The Cabinet of Ministers this week approved a proposal to modernise Grand Oriental Hotel through a Public-Private Partnership, the state information office said.
The joint proposal was by Finance & Mass Media Minister Mangala Samaraweera, Public Enterprise Development Minister Kabir Hashim and Development Strategies & International Trade Minister Malik Samarawickrama.
The government wantts to make the GOH a luxury hotel, retaining its heritage.
The Cabinet of ministers decided to appoint a project committee for evaluating the proposal made by HPL Hotels and Resorts, a unit of a Singapore main-board listed company, Hotel Properties Limited (HPL).
HPL Hotels & Resorts has 12 properties in Asia-Pacific and the Indian Ocean, with a total of 2,886 rooms, including resorts like Gili Lankanfushi – Maldives and The Boathouse – Phuket.
(COLOMBO, January 17, 2018)