#Sri Lanka #Colombo #Canwill Holdings #Sinolanka Hotels #Helanco Hotels

Sri Lanka Government Invites Bids for Canwill Holdings

The Government of Sri Lanka (GoSL) has announced its intentions to divest 100% of the shares in Canwill Holdings (Pvt) Ltd, the parent company of the renowned Sinolanka Hotels & Spa (Pvt) Ltd and Helanco Hotels & Spa (Pvt) Ltd. This move is part of a broader strategy to optimize public assets and stimulate foreign investment in the country's hospitality sector.

This divestment process will be executed by the Ministry of Finance, Planning and Economic Development, with assistance from Deloitte Touche Tohmatsu India LLP (DTTILLP) acting as the Transaction Advisor. Potential investors are encouraged to participate in this initiative as Sri Lanka continues on its path of economic recovery and growth in tourism.

Property Overview

Holding significant promise, Canwill owns prime hospitality assets in Sri Lanka, particularly its flagship property located in the Central Business District of Colombo. This ultra-modern hotel, designed to meet international 5-star standards, features a striking 47-story structure that commands a breathtaking view of the Indian Ocean. The property encompasses 458 luxurious rooms and an additional 100 serviced apartments, all sprawled across 2.32 acres of premium oceanfront real estate.

The building's exterior has been completed, with remaining construction to be finalized by the successful investor, thereby presenting an immediately lucrative opportunity in a hotly sought-after urban locale.

Investment Opportunities

Investors eager to take part in the divestiture can access the Request for Expression of Interest (REOI) document from the official GoSL website. Given the strategic importance of this asset, stakeholders are encouraged to submit their expressions of interest by February 16, 2026, at 2 PM Sri Lankan Standard Time. This dual-phase process is designed to ensure a fair and transparent bidding environment.

The GoSL also welcomes any inquiries related to this offering. Interested parties can reach out to designated contacts as listed on the GoSL's official communication channels. This initiative not only reflects Sri Lanka’s commitment to fostering a vibrant investment landscape but also highlights the government's intent to revitalize the tourism sector, which continues to face challenges post-pandemic.

Conclusion

The divestiture of Canwill Holdings represents a significant milestone for the Sri Lankan government in harnessing international investment to enhance its tourism sector. The favorable location and modern amenities of the hotel embody a valuable opportunity for investors looking to enter or expand their footprint in the South Asian market. With its unique coastal views and proximity to Colombo’s hustle and bustle, this property is poised to attract guests from around the world, making it a prime investment prospect. Interested investors must act swiftly to capitalize on this promising offer and contribute to the evolving landscape of Sri Lanka's hospitality industry.