Galadari hotel project implementation extended by 1 year as rebranding takes shape

Galadari Hotels (Lanka) PLC has entered into a supplementary agreement with the Board of Investment of Sri Lanka to officially extend the implementation period of its refurbishment project by 12 months. 

According to a disclosure filed with the Colombo Stock Exchange, the company finalised the agreement on December 23, 2025, specifically extending the project implementation period from November 10, 2025 to November 09, 2026.

The extended timeline facilitates a comprehensive transformation of the property, which is set to relaunch under the new brand identity, Radisson Blu Hotel Galadari Colombo. The project involves a complete management handover and a significant structural overhaul to align with the global standards of the Radisson Blu chain. 

As part of the “exceptional transformation”, the hotel has undertaken extensive renovation works, which included the demolition of the existing room interiors to pave the way for a fully refurbished establishment that promises to be a frontline player in the country’s tourism industry.

To support this ambitious upgrade, the company had previously increased its envisaged investment commitment. In November 2025, Galadari Hotels (Lanka) PLC signed a separate supplementary agreement to raise the project’s total investment from US$ 33.5 million to US$ 48.5 million. The additional capital, financed through Mashreq Bank PSC and the parent company Galadari Brothers Co. LLC, is directed towards ensuring the property meets the high expectations of its new international identity. 

Source : DailyMirror