Hotel for Sale in Arugam Bay, Sri Lanka

Room accommodation, wellness retreats, and restaurant/bar services for international tourists and local guests in Arugam Bay. The tangible assets include land, building, furniture, beds, linen, all types of sheets, and complete kitchen equipment.
The land and building alone are valued at USD 1.2 million, and the total tangible assets are being offered at a discounted valuation of USD 828.4k.
Intangible assets include the operating license, business registration, and full ownership of the company. The hotel is situated on 34.5 perches of owned land with an additional 90 perches in reservation. It is a solidly constructed 3-floor property featuring the following:
- Basement (5,500 sq. ft. ): 9 guest rooms.
- Second floor (5,500 sq. ft. ): 9 guest rooms.
- First floor (5,500 sq. ft. ): 2 guest rooms and a restaurant.
- Third floor (5,500 sq. ft. ): Sky bar and yoga area.
- Additional space (2,500 sq. ft. ): Gym and local bar.
The property also has approved permissions to construct two additional floors, which can accommodate 20 premium rooms and a swimming pool, providing significant scope for future expansion. The business is fully funded through owner’s capital and reinvested profits, with a single owner holding 100% equity. There is an outstanding bank loan of LKR 70 million (approximately USD 230,000), which will be cleared prior to the sale.