IHG Signs With Pearl Grand Tower Hotel for InterContinental® Colombo Slated for 2019 Opening in Sri Lanka

United Kingdom, Denham, Buckinghamshire. July 25, 2018

InterContinental Hotels Group® (IHG),
one of world's leading hotel companies, has signed a management
agreement with Pearl Grand Tower Hotel (Private) Limited, to bring back
the InterContinental brand to the Sri Lankan capital. Due to open in
2019, InterContinental® Colombo will feature 307 rooms including 47
suites. This iconic development will be spread across 480,000 sq. ft.
and the luxury hotel is expected to be the tallest hotel tower
comprising 42 floors, in Colombo 3, an important and established
commercial area of the city.

InterContinental® Colombo will be located centrally along Galle Road,
one of the arterial roads of Colombo, making it easily accessible for
guests. Situated in close proximity to international and domestic
Airports and 3 km from the city centre, the hotel will cater to the
growing demand for business and leisure accommodation in the city.

The upcoming InterContinental® Colombo will house impressive meeting
and banqueting facilities spread over of 12,000 sq. ft. with the largest
room having a capacity to accommodate 400 guests and a modern business
centre to cater to the growing number of business travellers visiting
the city. Additionally, the hotel will feature a gymnasium, an outdoor
pool, and a spa for guests to relax and rejuvenate. All rooms and suites
will be equipped with top-class modern amenities to ensure guests'
comfort, and most rooms will have uninterrupted, magnificent views of
the Indian Ocean. Furthermore, guests will be spoilt for choice with six
dining options including an all-day dining restaurant and three
speciality restaurants offering unique culinary experiences to the
visitors.

On the occasion, Sudeep Jain, Vice President, Development, South West Asia, IHG commented,
“We are excited to introduce our global luxury brand InterContinental®
Hotels and Resorts to the beautiful island country, Sri Lanka, in
partnership with the esteemed Pearl Grand Tower Hotel (Private) Limited.
This move is in line with our strategy to grow IHG's footprint across
South West Asia, and expand the presence of the InterContinental brand
in key cities and resort destinations in the region.

With a great location coupled with best in class amenities and highest level of service that the brand is associated with, we are confident of offering the finest luxury experiences to our guests, when we open our doors in 2019.”

A.L.M. Faris, Chairman, Pearl Grand Tower Hotel, a hotel owner/ operator and an entrepreneur said: “We are delighted to be partnering with a leading global hospitality company such as IHG for our upcoming project. The InterContinental brand is known worldwide for offering bespoke and unique luxury experiences to the guests, and we are thrilled to be bringing the brand to the country, to cater to the discerning local, domestic, and international travellers visiting Colombo, for leisure or for business.”

Colombo is a key gateway city in Sri Lanka and is well connected with other parts of the country via air, road, and rail. Majority of Sri Lankan corporations and other MNCs have their head offices in Colombo, positioning it as the economic and financial hub of the country. With its rich colonial heritage and various cultural landmarks, the city is also a popular tourist destination.

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