Starwood's Sri Lankan footprint set to grow - TTG Asia - Leader in Hotel, Airlines, Tourism and Travel Trade News
 
Wednesday . June 01 . 2016
         
Follow TTG Asia on Twitter
TTG ASIA this week
TTG Asia Luxury
 
Share |
Starwood's Sri Lankan footprint set to grow
Feizal Samath, Colombo, May 16, 2012
 

STARWOOD Hotels & Resorts Worldwide will soon have two of its hotel brands – Sheraton and The Luxury Collection – in Sri Lanka.

 

Earlier this month, India’s ITC Group, a franchisee for the Sheraton and Luxury Collection, finally pushed through a deal with Sri Lanka’s Board of Investment, allowing it to develop a mixed-used project with a Luxury Collection hotel on a two-hectare site in Colombo  (TTG Asia e-Daily, December 5, 2011).

 

Simultaneously, Starwood signed a management contract with Lanka Hotels & Residencies, Greenwater Resorts India and Eurocon Building Industries UAE to operate the 306-key Sheraton Colombo Hotel.

 

Located about a kilometre from the proposed Luxury Collection site, the Sheraton is scheduled to open in September 2013.

 

Anura Lokuhetty, president, Tourist Hotels Association of Sri Lanka, said the country was experiencing a “second wave” of top international hotel chains entering the market.

 

“Brands look at places where there is potential...where others go. A good example is the Maldives, where all the big brands are present,” he said.

Print Top Stories
 
 
Editor's pick >
   
High ambitions for alpine glory

by Juian Ryall

Female power

by Julian Ryall

Asia's hottest resort spots

by TTG Asia reporters

Making peace with progress

by Feizal Samath

Overpricing comes under fire

by Feizal Samath

 

 

>