#Sri Lanka #Colombo #Canwill Holdings #Sinolanka Hotels

Invitation for Expression of Interest: Canwill Holdings (Pvt) Ltd

The Government of Sri Lanka (GoSL) has announced its intention to fully divest from Canwill Holdings (Pvt) Ltd., the parent company overseeing Sinolanka Hotels & Spa (Pvt) Ltd and Helanco Hotels & Spa (Pvt) Ltd. This move signifies an important strategic step for the government, aiming to attract investment and improve the operational efficiency of these vital hospitality infrastructures.

The divestiture will be facilitated by the Ministry of Finance, Planning and Economic Development, with Deloitte Touche Tohmatsu India LLP appointed as the advisor for the transaction. This partnership aims to ensure the transaction is conducted transparently and effectively, providing potential investors with a clear framework for participation.

The Significance of Canwill Holdings

Canwill Holdings operates key properties such as the renowned Sinolanka Hotels & Spa, which is situated in the bustling business district of Colombo. The hotel's architecture adheres to international 5-star standards and promises guests a luxurious experience with breathtaking views of the Indian Ocean, landmarks like Galle Face Green, Lotus Tower, and the vibrant cityscape of Colombo.

The property spans 2.32 acres of prime oceanfront land and features a remarkable 47-story structure containing 458 guest rooms and 100 serviced apartments. The remaining developmental works are set to be completed by the chosen investor, ensuring that Canwill Holdings continues to thrive in the competitive hospitality market.

The Process of Bidding

The divestiture is structured to occur in two phases, inviting interested parties to submit their expressions of interest. Detailed information regarding this process is available on the official GoSL website. The deadline for submissions is set for February 16, 2026, at 14:00 Sri Lankan Standard Time.

Potential investors and partners can find the necessary documentation related to the expression of interest on the GoSL treasury website. Additionally, for inquiries or further information, interested parties are encouraged to reach out to the designated contacts in the media relations team, ensuring all questions can be addressed efficiently.

Key Contacts:

• - Sandeep Negi, Partner - Strategy, Risk and Transactions, [email protected], +91-9810853754
• - Arpan Seal, Associate Director - Strategy, Risk and Transactions, [email protected], +91-9004000274
• - Abhishek Kalupathirana, State-Owned Enterprise Restructuring Unit, Transaction Team Lead, [email protected]

This strategic divestiture not only aims to bolster investment in the Sri Lankan tourism sector but also to enhance the overall economic landscape by attracting global partners who can help expand the reach of Canwill Holdings and its subsidiaries.

Ultimately, this invitation for expression of interest represents a significant opportunity for investors looking to enter the flourishing hospitality market in Sri Lanka, demonstating the government’s commitment to economic development and international collaboration.