Invitation for Expression of Interest – Divestiture of 'Canwill Holdings (Pvt) Ltd' (Canwill)

COLOMBO, Sri Lanka, Oct. 30, 2023 /PRNewswire/ — The Government of Sri Lanka (GoSL) intends to divest all or part of equity shareholding in Canwill, the parent company to Sinolanka Hotels & Spa (Pvt) Ltd (Sinolanka) and Helanco Hotels & Spa (Pvt) Ltd (Helanco). 

Grand Hyatt, Colombo

I. 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.

II.  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 following website:

For additional information please contact: [email protected]

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

Media Contact:

i.  Sandeep Negi, Partner – Restructuring, DTTILLP, [email protected], +91-9810853754;

ii.  Vishal Kashyap, Executive Director – Restructuring, DTTILLP, [email protected], +91-9873025686;

iii.  Nabiha Mohamed, State-Owned Enterprise Restructuring Unit, Transaction Team Lead, [email protected].lk

Source : Invitation for Expression of Interest – Divestiture of 'Canwill Holdings (Pvt) Ltd' (Canwill)

The information provided in this article was created by Cision PR Newswire, our news partner. The author's opinions and the content shared on this page are their own and may not necessarily represent the perspectives of Thailand Business News.

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