Grand Oriental Hotel & York Street Building
Grand Oriental Hotel
This is an 82-room heritage hotel adjacent to the Colombo Port, strategically located inside the Colombo Fort Heritage area. The surrounding area will shortly be transformed to a Heritage square, with several other development projects commissioned to restore colonial architecture. The proposed construction of a cruise terminal would also attract direct connectivity of transit tourists to the hotel. The Hotel recently underwent refurbishment as part of its restoration and is expected to be positioned as the top boutique colonial hotel in the city.
This is the oldest heritage hotel in Colombo Fort, with direct connectivity to the Colombo port from the proposed cruise terminal construction. The surrounding area will be transformed to a heritage square, which will benefit the hotel occupancy and business operations substantially. Expansion potential of a further 160,000 sq. ft. is available in the York street building situated in very close proximity, while the hotel currently houses 80,000 sq. ft.
- Payback period: 10 years
- Scheduled commencement of commercial operation: To be completed within 2023
- Current status of the project: Feasibility Report Stage for the new development and expansions
* Subject to Government Valuation