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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 1:07 AM Asia / Colombo
Listed By Advisor / Business Broker
Status Active
Overall Rating
Full Sale
Asking Price: USD 11.7 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 11.7 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.
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 days
    Analyst, Bangalore, Financial Consultant connected with the Business
  • Earlier than 15 days
    Chairman, Agriculture, Colombo, Individual Investor / Buyer connected with the Business
  • Earlier than 15 days
    Independent Advisor, Battaramulla, Financial Consultant connected with the Business
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.
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4 Buyers already contacted this Business. Register below to connect now!
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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