FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

Vote_lcap68%Vote_rcap 68% [ 178 ]
Vote_lcap18%Vote_rcap 18% [ 47 ]
Vote_lcap13%Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

FINANCIAL CHRONICLE™ » INVESTMENT OPPORTUNITIES

Colombo Hilton

Published the Sun Jul 04, 2021 12:50 am

    Description :

    Proposed Project Description :
    5-star hotel with 382 guest room, 3 speciality restaurants, Gym & Spa, Executive lounge Coffee shop and laundry and 2.25 acres of land for further development. Hotel has 18 floors with 2 towers with provision to construct an additional tower for expansion of hotel operations with the most beneficial business model.

    Expected investment :
    USD 130 million
    Expected method of partnership :
    Private Public Partnership (PPP) with 49% divestment option to the investor.

    Employment generation :
    1400 employees including the expansion and option for future development

    Market potential :
    The hotel has a history of over 30 years of operations in the city and currently holds the highest market share in terms of revenue and most profitable unit. The brand image and the current market position could be leveraged for growth and expansion of operations. Hotel also leads the MICE market operations with its regional presence and the facilities and services provided to clientele.

    Payback period :
    8 years
    Period to commence commercial operation :
    Hotel in operation and the expansion projects to be completed by Dec. 2024.

    Current status of the project :
    Current hotel operations in progress. New expansions and developments under feasibility report stage.
    Common infrastructure and utility availability :
    To be confirmed

    Geographical Location :
    Lotus Road, Colombo 01
    Land Extend :
    6.8 acres including 2.25 acres for development
    Estimated Land value :
    LKR 14 billion
    Land Agreement/ownership :
    99 Year lease

    Benefits to the Investor :
    Additional 2.25 acres of land for mixed development and investment recovery. Hotel in operation for last 30 years and in profitable status with optimum use of resources and space. Strategic Development and BOI status could be provided for new development project to the investor with tax concessions. Management control can be provided to the investor on mutually agreed terms. Additional hotel tower could also be added for further expansion of the hotel. Leverage market potential through the brand image created by Hilton.

    Contact details :
    (Name, Designation, Institute, Telephone, Email, Website)
    Mr. M. S. Mohideen
    Group Chief Executive Officer , Selendiva Investments Limited
    773830693 mshamal@hotmail.com

    Vendor details

    • PseudoSelendiva Investments
    • Vendor typeProfessional