ECONOMYNEXT – Galadari Hotels has entered into an agreement with the Board of Investment of Sri Lanka to extend the project implementation period of its ongoing refurbishment by another 12 months to November 9, 2026. A previous Supplementary Agreement with the BOI saw the company increase the refurbishment cost to 48.5 million dollars from 33.5 million dollars. Galadari Hotels said last month that it hopes to reopen its Colombo city hotel in the second quarter of 2026. The hotel has been undergoing refurbishment since February 2024. Last year Galadari Hotels entered into agreements with its parent, Dubai-based Galadari Brothers LLC…
Sri Lanka’s Galadari Hotel refurbishment to go on until Nov 2026
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