Expression of Interest for Divestiture of Canwill Holdings (Pvt) Ltd
The Government of Sri Lanka, through the Ministry of Finance, Planning and Economic Development, is undertaking the divestiture of Canwill Holdings (Pvt) Ltd, which owns Sinolanka Hotels & Spa (Pvt) Ltd, the developer of a landmark 47-storey, 5-star hotel and serviced apartment project located on 2.32 acres of prime oceanfront land in Colombo’s Central Business District. The project comprises 458 hotel rooms and 100 serviced apartments, developed to international 5-star standards, with significant capital investment already deployed and the superstructure largely complete, substantially reducing development risk. With key regulatory approvals secured and a management agreement in place with a leading global hospitality operator, the asset presents investors and strategic partners with a clear, accelerated pathway to completion and commercialisation. Positioned at the centre of Colombo’s prime oceanfront corridor, the opportunity is well placed to capture upside from Sri Lanka’s tourism resurgence, major infrastructure expansion, and the city’s evolution into a regional business, leisure, and lifestyle destination.
| LOCATION : | Sri Lanka |
| SECTOR : | Telecommunications Sector |
| PROJECT VALUE : | Contact OSL |
| EXPECTED INVESTMENT : | Contact OSL |
| INVESTMENT TYPE : | Contact OSL |
| RETURN ON INVESTMENT : | Contact OSL |
| INTERNAL RATE OF RETURN : | Contact OSL |
| ACCOUNTING RATE OF RETURN : | NA |
| OPPORTUNITY CODE : | VBS/OP/20260120/X_2 |