The Government of Sri Lanka (“GoSL”) intends to divest the 100% shareholding in Canwill Holdings (Pvt) Ltd, the parent company to Sinolanka Hotels & Spa (Pvt) Ltd (“Sinolanka”) and Helanco Hotels & Spa (Pvt) Ltd. 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 divestiture will be completed through a two-stage process. Interested parties are invited to access the Request for Expression of Interest document via the QR Code.
Due date for submission of EOI is 16th February 2026
For more details, please click here.
Official Website: https://www.treasury.gov.lk/web/restructuring-canwill