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Hotel Assets for Sale in Bandarawela, Sri Lanka

For Sale: Hotel property in Bandarawela with rooms, halls, restaurant and bar.

Ownership Duration 20-30 year(s)
Industries Hotels
Locations  Bandarawela
Local Time 1:15 AM Asia / Colombo
Listed By Advisor / Business Broker
Status Moderately Active
Overall Rating
Asset Sale
Asking Price: USD 5 million (Native Currency: LKR 1,500,000,000)
Reason: Since the children of the owner live abroad, the aim of this sale is to join them abroad.
Interested to connect with advisors
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Business Name
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Property Plan
Assets Description
- Hotel developed on 190 perches land inBandarawela, Sri Lanka.
- This is a 4 storied brand new commercial hotel which is 1.5 km away from the Bandarawela main town.
- Property has 125 solar panels, 2 generators, and a 60,000-litre water tank.
- This is a good opportunity for better profits considering the infrastructure and facilities in the commercial property.
- Property is owned by the two promoters.
- Business is debt free.
- Operations have been stopped temporarily due to the country's economic difficulties.
- Each floor contains the following features:
1st floor:
• 250 guests capacity (maximum).
• 1 apartment, 3 rooms with attached bathrooms.
• 1 connecting room (separate 2 rooms).
• Office room.
• 1 house (3 rooms with bathrooms).
• 1 kitchen.
• 1 laundry (3 washing machines and 1 dryer).
2nd floor:
• Full air-conditioned hall for 400 guests.
• Bar area with a capacity of 150 guests.
• Comfortable rooms with balconies.
3rd floor:
• Full air-conditioned hall for 500 guests.
• Bar area for 125 guests.
4th floor:
• 4th-floor construction has already started which is with a bar area for 200 guests.
• Cooking facilities and serving equipment for 1,000 guests.
• 3 freezers.
Other special facilities:
• 32 CCTV cameras have been installed to empower the security mechanism within the Premises.
• 4 car parking available within the property which can be utilized to park up to a maximum vehicle capacity of 100 which will be a great benefit during special occasions.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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