Hotel for Sale in Western Province, Sri Lanka
For Sale: 3-star hotel with 51 keys built on 3,460 sq. m of beachfront property.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 400 thousand |
| Run Rate Sales | USD 280 thousand |
| EBITDA Margin | 30 % |
| Industries | Hotels |
| Locations | Western Province |
| Local Time | 4:54 PM Asia / Colombo |
| Listed By | Advisor / Business Broker |
| Status | Moderately Active |
Full Sale
Asking Price:
USD
11.8 million
(Native Currency: LKR 3,546,640,000)
Reason: One partner is relocating and the other does not have enough time to dedicate to this venture.
Note...
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Includes physical assets worth
USD
11.8 million
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Business Overview
- 3-star beachfront hotel with 51 rooms and a built-up area of 12,800 sq. m.
- Constructed on a land parcel of 3,460 sq. m. and located close to the airport and tourist destinations.
- The hotel meets all standards for a 5-star but is not operating as one due to the high operating costs.
- Buyer can easily upgrade the hotel from 3-star to 5-star.
- The hotel gets bookings through booking agents and OTAs like TripAdvisor.
- Hotel has an occupancy rate of 40%-50%.
- The hotel had pre-Covid monthly sales of LKR 8-11 million in the offseason and LKR 12-15 million in season.
- Sales have dropped due to the pandemic.
- Buyer will get ownership of land, building, all physical assets in the hotel.
- The buyer may acquire the Sri Lankan legal entity that has ownership of the hotel as well.
- This transaction is being handled by a business broker based in Sri Lanka.
- Constructed on a land parcel of 3,460 sq. m. and located close to the airport and tourist destinations.
- The hotel meets all standards for a 5-star but is not operating as one due to the high operating costs.
- Buyer can easily upgrade the hotel from 3-star to 5-star.
- The hotel gets bookings through booking agents and OTAs like TripAdvisor.
- Hotel has an occupancy rate of 40%-50%.
- The hotel had pre-Covid monthly sales of LKR 8-11 million in the offseason and LKR 12-15 million in season.
- Sales have dropped due to the pandemic.
- Buyer will get ownership of land, building, all physical assets in the hotel.
- The buyer may acquire the Sri Lankan legal entity that has ownership of the hotel as well.
- This transaction is being handled by a business broker based in Sri Lanka.
Products & Services Overview
Hotel, swimming pool, bar, and a restaurant. We serve both foreign and local tourists.
Assets Overview
Land, building, and all physical assets owned by the hotel.
Facilities Overview
51 room hotel with a built-up area of about 12,800 sq. m. The land area is approximately 3,460 sq. m.
Capitalization Overview
Not Disclosed
Recent Activity
-
1 week, 4 days agoIndividual Advisor, Gurgaon, Business Broker connected with the Business
-
Earlier than 15 daysAnalyst, Bengaluru, Financial Consultant connected with the Business
-
Earlier than 15 daysChairman, Agriculture, Colombo, Individual Investor / Buyer connected with the Business
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