Sri Lanka to divest Hilton Colombo under SOE restructuring programmed
The Hilton Colombo, a well-established, upscale international hotel in Colombo, with a 35-year track record that offers extensive F&B options and premium meeting facilities is now listed to be divested under the Sri Lankan government’s state-owned enterprises (SOEs) restructuring programmed.
Currently renovating rooms, it enjoys a prime location near key government offices, entertainment venues, and the GOSL is offering 100% ownership of the property.
The Hilton Colombo, a prominent 21-story hotel in Echelon Square Business District, features 367 guestrooms, including 41 suites, 7 dining options, and 15 MICE facilities, including a grand ballroom. Additionally, it offers recreational amenities and covers 19,450 sqm of revenue-generating floor area out of a total 41,383 sqm. Currently, 264 rooms are undergoing refurbishment, with 72 rooms already completed and the remaining 192 expected to finish by Q1 2024.
OSL take:
With Sri Lanka’s tourism industry experiencing a steady growth with the increasing tourist arrivals to the country, there are many business/investment opportunities opening up in the industry, especially in the leisure and hospitality sectors.
The growth and business potential in Sri Lanka’s tourism industry is evident by the interest shown by international leisure and hospitality brands to enter the industry. It is in such a backdrop that GoSL has identified luxury hotels among the SOEs to be divested.
Opportunity Sri Lanka (OSL) Global in carrying out their usual course of business operation is inviting suitable investors and introducers to the investors to obtain the services of OSL to successfully complete the bidding process. OSL is providing its services comprehensively on a successful basis with no fee whatsoever invoiced upfront. OSL also is in a position to introduce an international firm with a local presence to carry out certain functions such as the buy side due diligence subject to their standard charge-out rates, with a special discount to the clients of OSL. Additional details, to enhance value proposition for maximizing profit potential, are available upon request.
OSL Global Pvt. Ltd. is pleased to present an excellent opportunity to own a luxurious five-star hotel property in the heart of the capital city of Colombo, Sri Lanka to the international business community appropriate. For further information visit: www.opportunitysrilanka.com.
| Article Code : | VBS/AT/20231109/Z_1 |