Galadari Hotel

Last updated
Galadari Hotel
Galadari Hotel logo.jpg
Logo of the hotel
UG-LK Photowalk - WTC and surroundings - 2017-03-12 (10).jpg
Galadari Hotel is located in Colombo Fort, Bank of Ceylon and World Trade Center Colombo in the background
Former names
  • Galadari Meridien Colombo (1984-1992)
  • Colombo Marriott Hotel (1992-1994)
General information
TypeHotel
Town or cityColombo
CountrySri Lanka
Opened1984;39 years ago (1984)
Other information
Number of rooms450
Number of restaurants4
Number of bars1
Website
www.galadarihotel.lk
Company
Type Public
CSE:  GHLL.N0000
ISIN LK0067N00005
Industry Hospitality
Key people
  • M. A. I. Galadari (Chairman)
  • Sampath Siriwardhana (General Manager)
RevenueIncrease2.svg LKR1,183 million (2022)
Increase2.svg LKR(264) million (2022)
Increase2.svg LKR(117) million (2022)
Total assets Increase2.svg LKR10,535 million (2022)
Total equity Decrease2.svg LKR8,103 million (2022)
Number of employees
Increase2.svg 481 (2022)
Parent Galadari Brothers (63.57%)
Footnotes /references
[1]

Galadari Hotel, traded as Galadari Hotels (Lanka) PLC, is a five-star luxury hotel in Colombo, Sri Lanka. Emirati conglomerate, Galadari Brothers are the controlling shareholders of the hotel company. The hotel commenced operations in 1984. The hotel was previously managed by Meridien Hotels and Marriott before the Galadari Brothers themselves took over the management in 1994. The hotel suffered from a couple of terrorist attacks in the 1990s most notably in 1997. In 2022, the hotel won the Hotel Brand of the Year award at the SLIM-Kantar Peoples Awards.

Contents

History

Galadari Hotels (Lanka) was incorporated in 1980 [2] and the hotel opened in 1984, managed by Meridien Hotels as the Galadari Meridien Colombo. Marriott Hotels & Resorts assumed management in 1992 and the hotel was renamed the Colombo Marriott Hotel. [3]

On 8 April 1994, a bomb planted in the men's restroom of the Colombo Marriott exploded. Bombs also exploded in Mount Lavinia beach, the Taj Samudra Hotel and the Hotel Sapphire in the same attack. The explosion killed one man, who was identified as a perpetrator by the police. However, the attack injured several people and caused minor damage to the hotels. The Ellalan Force, a Tamil militant group claimed responsibility for the attack. [4] Despite the attack, some 5,000 visitors were attracted to an American trade fair held from 31 May-2 June 1994 in the hotel. [5] The Galadari Brothers, the owning company of the hotel, took over direct management of the property from Marriott in 1994 and it was renamed the Galadari Hotel. [3]

On 15 October 1997, cadres of LTTE launched an attack on the World Trade Center Colombo (WTC). Security of the World Trade Center was tight from three sides, except for the south portion where it was located next to the parking lot of the Galadari Hotel. Five suicide bombers drove a truck filled with explosives to the parking lot of the hotel and fired upon unarmed guards on duty and killed three. Then the suicide bombers drove up to the wall of the WTC and detonated the explosives. The explosion damaged the WTC and the hotel substantially. [6]

In 2012, the hotel company met with a substantial capital loss. The purchase of stocks from Nawaloka Hospitals by Employee's Provident Fund amidst the hotel company making losses met with criticism. [7] In 2019, the hotel planned to invest US$15 million in refurbishment for the first time in its 35-year history. The refurbishment was planned to cover all 450 rooms and was estimated to finish by March 2021. [8] However, the Galadari Brothers were not satisfied with the proposed new look and architecture of the mock-up renovation. Therefore, the hotel started negotiations with Radisson Blu to rebrand the hotel. [9] Galadari Hotel celebrated its 37th anniversary on 9 October 2021. The celebrations also included almsgiving programme in remembrance of the members of the staff who died in the 1997 bombings. [10]

Operations

The hotel won the brand of the year award at the SLIM-Kantar Peoples Awards in March 2022. It was the third time the hotel won the award. [11] In May 2022, reports were circulating on social media that the hotel management has complained to the Sri Lanka Police against the anti-government protestors. As a result, the hotel started receiving social media outrage including negative reviews on Facebook and Google. [12] The hotel responded with a clarification denying that the management did not complain against the protestors. [13] On 9 July 2022, when the police tear-gassed the protestors the hotel sheltered protestors and provided buckets of water. [14]

See also

Related Research Articles

<span class="mw-page-title-main">Shangri-La Colombo</span> Hotel in Colombo, Sri Lanka

Shangri-La Colombo is a 5-star hotel in Colombo, Sri Lanka. Owned by Shangri-La Hotels, the property is part of the larger One Galle Face development project at the site of the Old Army Headquarters. It is the second Shangri-La hotel on the island and the 101st hotel of the chain of Shangri-La Hotels world-wide. The hotel was opened on 11 November 2017. The property has 500 rooms, and has room to accommodate up to 2,000 conference guests.

<span class="mw-page-title-main">Cinnamon Grand Colombo</span> Hotel in Colombo, Sri Lanka

The Cinnamon Grand Colombo, trading as Asian Hotels and Properties PLC and formerly called the Hotel Lanka Oberoi, is a luxury five-star hotel in Colombo, Sri Lanka. The Cinnamon Grand is located at 77 Galle Road, Kollupitiya, Colombo.

<span class="mw-page-title-main">Ceylinco Insurance</span> Sri Lankan conglomerate holding company

Ceylinco Insurance PLC is the largest private sector insurance company in Sri Lanka. The company is also engaged in the education and renewable energy sectors. The company offers both life insurance and all classes of general insurance. The company was incorporated in 1987 when the government ended its state monopoly over the insurance sector and the company was listed on the Colombo Stock Exchange the following year. Ceylinco Insurance is an LMD 100 company, an annual list of public companies in Sri Lanka by revenue and ranked 23rd in the 2020/21 edition.

<span class="mw-page-title-main">C T Holdings</span> Sri Lankan conglomerate holding company

C T Holdings PLC, formerly known as Ceylon Theatres Limited, is one of the largest conglomerate companies in Sri Lanka. The company was incorporated in 1928 by Chittampalam A. Gardiner and quoted on the Colombo Stock Exchange ever since. In 2019, Brand Finance ranked C T Holdings eighth amongst the most valuable conglomerates in Sri Lanka with a brand value of LKR18,981 million. C T Holdings also ranked eighth in the LMD 100, a list of leading listed companies in Sri Lanka by the business magazine, LMD.

<span class="mw-page-title-main">Cinnamon Hotels & Resorts</span> Sri Lankan luxury hotel chain brand

Cinnamon Hotels & Resorts is a major Sri Lankan luxury hotel chain brand. Cinnamon Hotels was recognised as the most valuable hospitality brand in Sri Lanka for 2019 with a brand equity of seven billion Sri Lankan Rupees. Philip Kotler, the renowned marketing author included a 10-page reference of the brand in his 2010 co-authored book, Asian Competitors: Marketing For Competitiveness In The Age Of Digital Consumers on the effective use of social media and various digital initiatives.

<span class="mw-page-title-main">John Keells Hotels</span> Sri Lankan hotel holding company

John Keells Hotels PLC is a hotel holding company in Sri Lanka. John Keells built its first resort in 1973 in Habarana. John Keells' hotel management company operated under several names. In the 1970s, the company was known as Walkers Tours Hotels. Then in the 1980s, it was known as simply Hotel Management & Marketing Services, and finally, in the 1990s, the company became to known as John Keells Hotels. John Keells ventured into the Maldives in 1996 with the acquisition of Velidhu Resort Hotel. In 2004, the hotel chain underwent a major restructuring. All resorts were brought under John Keells Hotels Limited, and the company was listed on the Colombo Stock Exchange.

<span class="mw-page-title-main">Carson Cumberbatch</span> Sri Lankan conglomerate holding company

Carson Cumberbatch PLC is one of the largest conglomerates in Sri Lanka which also has business interests in Indonesia, Malaysia, and India. The company has its origin in the colonial era, having been founded by merging two companies founded by R. B. Carson and Henry Cumberbatch. The Selvanathan family, founders of the Sri Krishna Corporation, is the ultimate controlling shareholder of the company.

<span class="mw-page-title-main">Cinnamon Lakeside Colombo</span> Luxury hotel in Sri Lanka

Cinnamon Lakeside Colombo, trading as Trans Asia Hotels PLC, is a five-star luxury hotel located in Colombo, Sri Lanka. The hotel is listed on the Colombo Stock Exchange and John Keells Holdings own a stake of 92% of the company's shares, 48% directly and 43% through its subsidiary Asian Hotels and Properties PLC. Cinnamon Lakeside Colombo has 346 rooms including 20 suites.

<span class="mw-page-title-main">Taj Samudra</span> Sri Lankan hospitality company and luxury hotel

Taj Samudra, trading as TAL Lanka Hotels PLC, is a five-star luxury hotel in Colombo, Sri Lanka. The hotel is a listed company on the Colombo Stock Exchange since 1982 and the majority of the shares are held by Taj Hotels. The hotel is located right opposite Galle Face Green facing the Indian Ocean. The hotel is one of the oldest five-star hotels in the city of Colombo. Brand Finance ranked Taj Samudra 78th amongst the 100 most valuable brands in Sri Lanka for 2021.

<span class="mw-page-title-main">Overseas Realty</span> Sri Lankan real estate company

Overseas Realty (Ceylon) PLC is the largest listed real estate company in Sri Lanka. The company is the developer and the proprietor of World Trade Center Colombo and Havelock City. The company was incorporated in 1980 and was listed on the Colombo Stock Exchange in 1982. The company is ranked amongst the LMD 100, moving 17 positions up to number 76 for the fiscal year 2019/20.

L B Finance PLC sometimes spelt LB Finance, is a Sri Lankan non-bank financial institution. The company is incorporated in 1971 and initially, the majority of shares were held by Lewis Brown & Company. The company was listed on the Colombo Stock Exchange in 1997. In 2003, Dhammika Perera acquired the company and became a subsidiary of Vallibel One. Currently, the company is one of the components of the S&P Sri Lanka 20 Index. Brand Finance ranked the company 24th in the 100 most valuable brands in Sri Lanka. The company placed 39th in the LMD 100 for the financial year 2019/20.

<span class="mw-page-title-main">Royal Ceramics</span> Sri Lankan manufacturing company

Royal Ceramics Lanka PLC branded as Rocell, is a Sri Lankan holding company and is also engaged in manufacturing ceramic tiles and bath ware. The company was founded in 1990 and in 1994, it was listed on the Colombo Stock Exchange. The company is one of the constituents of the S&P Sri Lanka 20 Index. LMD, a Sri Lankan business magazine placed the company 38th in the LMD 100, a list of leading listed companies in Sri Lanka. Brand Finance ranked 74th amongst the 100 most valuable brands in Sri Lanka.

<span class="mw-page-title-main">Lankem Ceylon</span> Manufacturing company in Sri Lanka

Lankem Ceylon PLC is a chemicals, paints and consumer goods manufacturing company in Sri Lanka. The company also engaged in the hospitality industry by owning and operating resorts in Sri Lanka. The company is incorporated in 1964 by Royal Dutch Shell and listed on the Colombo Stock Exchange in 1970. Brand Finance ranked the company 88th most valuable brand in Sri Lanka. The company ranked 61st in LMD 100, an annual list of quoted companies by revenue in the financial year 2019–20.

<span class="mw-page-title-main">Dipped Products</span> Rubber glove manufacturer in Sri Lanka

Dipped Products PLC is a rubber glove manufacturer in Sri Lanka. The company also manages rubber and tea plantations. The company was incorporated in 1976 and listed on the Colombo Stock Exchange in 1983. The company is one of the components of the S&P Sri Lanka 20 Index. Sri Lankan conglomerate, Hayleys is the effective controlling shareholder of Dipped Products. The company was ranked 26th in LMD 100, an annual list of quoted companies in Sri Lanka by revenue.

<span class="mw-page-title-main">Citrus Leisure</span> Hospitality company in Sri Lanka

Citrus Leisure PLC is a hotel chain in Sri Lanka. The hospitality company owns and operates Citrus Waskaduwa, Citrus Hikkaduwa and the Steuart by Citrus. The company was incorporated as Hotel Reefcomber Limited in 1973. In 2010, the company was rebranded as Citrus Leisure when Dilith Jayaweera and Varuni Fernando of Triad Advertising bought a stake in the company. In 1984, the company was quoted on the Colombo Stock Exchange.

<span class="mw-page-title-main">The Fortress Resort & Spa</span> Boutique hotel in Koggala, Sri Lanka

The Fortress Resort & Spa, traded as The Fortress Resorts PLC, is a luxury boutique hotel in Koggala, Sri Lanka. The resort was incorporated in 1973. The resort is listed on the Colombo Stock Exchange. In 2003, Sri Lankan entrepreneur, Dhammika Perera acquired a controlling stake in the resort. The resort was formerly known as Club Horizon Hotel, Koggala and was renamed to its current name in the same year. The hotel was affected by the 2019 Easter bombings. The resort is designed like a fortress to enclose a Dutch-era villa.

<span class="mw-page-title-main">Ceylon Hotels Corporation</span> Hospitality company in Sri Lanka

Ceylon Hotels Corporation PLC, often called Ceylon Hotels, is a hospitality company in Sri Lanka. The company was incorporated through an act in the Parliament of Sri Lanka in 1966. The company was listed as a public company in the following year. Ceylon Hotel Holdings, a subsidiary of Galle Face Hotels Group is the holding company of Ceylon Hotels Corporation. Ceylon Hotels' subsidiary, Kandy Hotels Company owns and operates the Queen's Hotel and the Hotel Suisse heritage hotels.

<span class="mw-page-title-main">Jetwing Symphony</span> Hospitality company in Sri Lanka

Jetwing Symphony PLC is a hotel chain in Sri Lanka. The company was incorporated in 2007. Following an oversubscribed Initial Public Offering in December 2017, the company started publicly trading on the Colombo Stock Exchange in January 2018. Jetwing Symphony is the holding company of the Jetwing Group's new hotels. As of 2022, Jetwing Symphony manages seven properties across the country.

<span class="mw-page-title-main">Renuka Holdings</span> Conglomerate company in Sri Lanka

Renuka Holdings PLC, also called Renuka Group, is a conglomerate company in Sri Lanka. Ceylonese businessman Alfred Thambiyah laid the foundations of the Renuka Group by acquiring the Crago Boat Dispatch Company in 1936 and establishing Renuka Hotel, named after his youngest daughter Indu Renuka in 1969. Indu Renuka Rajiyah founded Renuka Enterprises in 1975, and Renuka Holdings in 1979 marked the formal beginning of the group. Renuka Holdings went public in 2008 and following the listing on the Colombo Stock Exchange, the company pursued a growth strategy. Renuka Holdings is one of the LMD 100 companies in Sri Lanka and also one of the 20 largest conglomerates in Sri Lanka.

References

  1. ↑ "Annual Report 2022" (PDF). cse.lk. Galadari Hotels (Lanka) PLC. Retrieved 14 June 2023.
  2. ↑ "Galadari Hotels (Lanka) PLC". wsj.com . Wall Street Journal. Retrieved 11 July 2022.
  3. 1 2 "Galadari sparkles October". Daily News . Associated Newspapers of Ceylon Limited. 6 October 2009. Retrieved 11 July 2022.
  4. ↑ Immigration and Refugee Board of Canada (1 April 1994). "Sri Lanka: Information on bomb explosions at hotels in Colombo during April 1994, particularly on the number, location, dates, resultant damage and fatalities caused by the explosions, on whether any person or group has claimed responsibility for these bombings, on whether such events were reported in the newspaper Diwaina (Island), and on Janatha Vimukthi Paramuna (JVP) activities during this period". refworld.org. Retrieved 11 July 2022.
  5. ↑ Freeman, Roger (1994). "Business and Government partnership spurs U. S. promotion activities in the growing Sri Lanka market". Business America. United States Department of Commerce. p. 21. Retrieved 11 July 2022.
  6. ↑ Chalk, Peter (2013). Encyclopedia of Terrorism. ABC-Clio. p. 169. ISBN   978-0-31330-895-6 . Retrieved 11 July 2022.
  7. ↑ "Galadari announces serious capital loss". dailymirror.lk . Wijeya Newspapers. 11 May 2012. Retrieved 11 July 2022.
  8. ↑ de Silva, Charumini (3 October 2019). "Galadari Hotel kicks off $ 15 m refurbishment plan". Daily FT . Wijeya Newspapers. Retrieved 11 July 2022.
  9. ↑ de Silva, Charumini (12 February 2020). "Galadari in talks with Radisson Blu to rebrand Colombo hotel". Daily FT. Wijeya Newspapers. Retrieved 11 July 2022.
  10. ↑ "Galadari Colombo celebrates 37 years of excellence". Daily FT. Wijeya Newspapers. 7 October 2021. Retrieved 11 July 2022.
  11. ↑ "Galadari Colombo wins SLIM – KANTAR People's Hotel Brand of the Year 2022". khaleejtimes.com. Khaleej Times. 24 March 2022. Retrieved 11 July 2022.
  12. ↑ "Galadari faces social media [backlash] over Police statement". newswire.lk. Wire Digital Pvt Ltd. 7 May 2022. Retrieved 11 July 2022.
  13. ↑ "Galadari hotel issues clarification over statement given to Police". newswire.lk. Wire Digital Pvt Ltd. 7 May 2022. Retrieved 11 July 2022.
  14. ↑ Wallen, Joe (9 July 2022). "Sri Lanka crisis: Prime Minister resigns after protestors storm presidential compound". telegraph.co.uk . Telegraph Media Group . Retrieved 11 July 2022.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.