🏨 Galadari Hotel Targets Q2 2026 Reopening with Increased Investment

• Galadari Hotels (Lanka) PLC informed the CSE that the iconic Colombo hotel is slated to reopen in the Second Quarter of 2026 following an extensive refurbishment project. • The total envisaged investment for the project, approved by a supplementary agreement with the BOI, has been significantly increased to US$ 48.5 million from the initial US$ 33.5 million. • The additional US$ 15 million will be financed by Mashreq Bank PSC, UAE, and the holding company, Galadari Brothers Co. LLC. • This investment aims to elevate the hotel’s standards and offerings, reinforcing its standing as a premier five-star destination within the Colombo tourism sector.