The upscale property, located next to Liberty Plaza in the heart of the city, will occupy half an acre in the prime downtown district, surrounded by commercial businesses, high-end residences and prestigious restaurants.

The 19-floor hotel - being designed with sustainable build and operating requirements - will feature contemporary architecture and room sizes vary from 36sqm for standard rooms up to 70sqm for a suite.

Alongside one speciality restaurant will be an all-day dining venue, rooftop bar and nightclub, and guests will be able to unwind in the fitness centre, spa and pool and receive 24-hour room service, while executives will be able to avail of the Boardroom and Business Centre.

Andreas Mattmuller, Chief Operating Officer of Movenpick Hotels & Resorts, Middle East & Asia, said the company is very excited about opening in Colombo, which is in line with its development strategy to secure projects in key Asian markets.

"It's a great opportunity to expand our presence in such an emerging travel destination," he said. "It dovetails perfectly with our commitment to international expansion and will strengthen our brand portfolio in Asia."

He added that Movenpick Hotels & Resorts look forward to working with owners SoftLogic Holdings in establishing and growing the business.

Ashok Pathirage, Chairman of SoftLogic Holdings, said: "We were keen to work with a globally recognised brand and Movenpick Hotels & Resorts meets our criteria perfectly. I am sure with their world-renowned levels of service and large client base, they will be a successful addition to the Colombo hospitality scene."