The Government of Sri Lanka (GoSL) intends to divest all or part of equity shareholding in Canwill Holdings (Pvt) Ltd' (Canwill) the parent company to Sinolanka Hotels & Spa (Pvt) Ltd (Sinolanka) and Helanco Hotels & Spa (Pvt) Ltd (Helanco).  

1.Sinolanka: Owns an under-construction top tier landmark hospitality asset in Colombo, built to Grand Hyatt specks since Sinolanka has entered into a hotel management agreement with Hyatt International- Southwest Asia Ltd.

The property features an impressive 47-story structure with 458 rooms and an additional 100 serviced apartments, all situated on 2.32 acres of prime oceanfront real estate. The total built-up area encompasses a vast 1,340,562 square feet.

2. Helanco: Holds 9.42 acres of beachfront leasehold land in the southern city of Hambantota.

GoSL will implement this divestiture via its State-Owned Enterprise Restructuring Unit and Deloitte Touche Tohmatsu India LLP (DTTILLP) has been appointed as the Transaction Advisor. The divestiture will be completed through a two-stage competitive bidding process.

Interested parties are invited to access the Request for Expression of Interest document from the Ministry of Finance website Click here: 

For additional information please contact Canwill via the email in the below contact form.

The due date for the submission of Expressions of Interest is 28th November 2023, Tuesday, at 2 PM Indian Standard Time (14:00 hours).

Related Reading:

Hotel Developers (Lanka) Limited, the holding company of Hilton Colombo for sale - Colliers