PRNewswire
Colombo [Sri Lanka], January 20: The Government of Sri Lanka (GoSL) intends to divest the 100% shareholding in Canwill, the parent company to Sinolanka Hotels & Spa (Pvt) Ltd (Sinolanka) and Helanco Hotels & Spa (Pvt) Ltd (Helanco). GoSL will implement this divestiture through the Ministry of Finance, Planning and Economic Development with Deloitte Touche Tohmatsu India LLP (DTTILLP) appointed as the Transaction Advisor.
SINOLANKA: Owns a top tier landmark hospitality asset in the Central Business District of Colombo built to international 5-star standards. The property's superstructure has been completed, and the balance work is to be completed by the successful investor.
The property, bordering the Indian Ocean, offers arguably the best vantage point in Colombo with views of Colombo Port City, Port of Colombo, Galle Face Green, Lotus Tower and the emerald hinterland.
The property features an impressive 47-storey structure with 458 rooms and an additional 100 serviced apartments, all situated on 2.32 acres of prime oceanfront real estate.
The divestiture will be completed through a two-stage process. Interested parties are invited to access the Request for Expression of Interest document from the following website: https://www.treasury.gov.lk/web/restructuring-canwill
For additional information please contact: canwill@mo.treasury.gov.lk
The due date for the submission of Expressions of Interest is 16th February 2026, Monday, at 2 PM Sri Lankan Standard Time (14:00 hours).
Media Contact:
i. Sandeep Negi, Partner - Strategy, Risk & Transactions, snegi@deloitte.com, +91-9810853754
ii. Arpan Seal, Associate Director - Strategy, Risk & Transactions, aseal@deloitte.com, +91-9004000274
iii. Abhishek Kalupathirana, State-Owned Enterprise Restructuring Unit, Transaction Team Lead, canwill@mo.treasury.gov.lk
Photo: https://mma.prnewswire.com/media/2863284/Grand_Hyatt_Colombo.jpg
(ADVERTORIAL DISCLAIMER: The above press release has been provided by PRNewswire.will not be responsible in any way for the content of the same)
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor