The hotel, situated in the center of the Colombo capital and operates as a luxury city hotel is owned by the Hotel Services (Ceylon) PLC.
It is currently undergoing a major refurbishment program to upgrade the facility to suit the modern standards, with an investment of Rs. 1.8 billion.
The listed Hotel Services (Ceylon) PLC is an arm of the Hayleys group, a diversified conglomerate.
Meanwhile, Hotel Services also has brought in a new CEO to take charge of the company, with effect from 4th December 2012.
The new CEO, Otto Stohl is a 33 year industry veteran, having worked for luxury five star hotels such as Ritz-Carlton, Renaissance, Marriot International and Hilton as the General Manager.