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 390 thousand |
| Run Rate Sales | USD 270 thousand |
| EBITDA Margin | 30 % |
| Industries | Hotels |
| Locations | Western Province |
| Local Time | 5:54 AM Asia / Colombo |
| Listed By | Advisor / Business Broker |
| Status | Moderately Active |
Full Sale
Asking Price:
USD
11.4 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...
View More
Includes physical assets worth
USD
11.4 million
Interested to connect with advisors
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
-
Earlier than 15 daysIndividual 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
Tags:
3 Star Hotel for Sale in Western Province, Sri Lanka
·4 Star Hotel for Sale in Western Province, Sri Lanka
·5 Star Hotel for Sale in Western Province, Sri Lanka
·Purchase 3 Star Hotel in Western Province, Sri Lanka
·Purchase 4 Star Hotel in Western Province, Sri Lanka
·Purchase 5 Star Hotel in Western Province, Sri Lanka
·Buy 3 Star Hotel in Western Province, Sri Lanka
·Buy 4 Star Hotel in Western Province, Sri Lanka
·Buy 5 Star Hotel in Western Province, Sri Lanka
·Hotel for Sale in Western Province, Sri Lanka
·Motel for Sale in Western Province, Sri Lanka
·Lodge for Sale in Western Province, Sri Lanka
·Purchase Hotel in Western Province, Sri Lanka
·Purchase Motel in Western Province, Sri Lanka
·Purchase Lodge in Western Province, Sri Lanka
·Buy Hotel in Western Province, Sri Lanka
·Buy Motel in Western Province, Sri Lanka
·Buy Lodge in Western Province, Sri Lanka
·3 Star Hotel for Sale
·4 Star Hotel for Sale
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
5 Buyers already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 64,000+ other businesses of all sizes.
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.
You might also be interested in these businesses