World-class, $300m “ITC One, Colombo 1” to open in 2021. Top Indian hotel chain adding a jewel to Lanka’s hospitality sector
Thirty-five metres below the surface, the foundation for a world-class hotel-cum-luxury residences complex is nearing completion on a sprawling plot of land facing the bustling Galle Face Center Road in Colombo between the Indian Ocean and the Beira Lake. By end-June, 500 to 1,000 people will be engaged in two shifts in building basements.
The $300-million (LKR 42.85-billion) state-of-the-art hotel and luxury apartment complex is being built by WelcomHotels Lanka Private Limited, a 100% subsidiary of ITC Limited, the 106-year-old premier Indian multi-business enterprise with over 40 years experience in the hospitality sector.