Galadari Hotels (Lanka) Plc news & filings

Colombo Stock Exchange closed lower as the ASPI fell 0.22% (47.91 pts) to 22,208.58 with turnover Rs1.195bn. Galadari Hotels (GHLL) revised its Galadari Hotel Colombo refurbishment reopening to early Q4 2026; its shares were down 1.84% at Rs16.00.

Galadari Hotels (Lanka) PLC expects to reopen its Colombo city hotel in 2Q 2026 after closure for refurbishment, which was funded by a 73.4 million Dirham (US$20m) loan from parent Galadari Brothers and Mashreq Bank.

Galadari Hotels (Lanka) PLC said the Galadari Hotel will reopen in Q2 2026 after a comprehensive refurbishment, and the BOI-supplement raised the redevelopment investment to US$48.5m from US$33.5m with the additional US$15m financed by Mashreq Bank PSC (UAE) and Galadari Brothers Co. LLC. The refurbishment aims to upgrade the five-star property's standards and offerings.

Galadari Hotels (Lanka) PLC has increased its Colombo hotel refurbishment budget from $33.5m to $48.5m under a supplementary BOI agreement, with the additional $15m to be jointly financed by Mashreq Bank PSC and Galadari Brothers Co. LLC.