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Newly Established Hotel Seeking Loan in Southern Province, Sri Lanka

Construction company is developing a serviced apartment with 100+ units, 40% of construction is already completed.
This transaction has concluded.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Hotels
Locations  Southern Province
Local Time 4:14 PM Asia / Colombo
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 26 million for 6.0% annual interest, 5 years (Native Currency: LKR 7,731,816,000)
Reason: To complete the project and run the business.
Collateral Available: USD 0
Includes physical assets worth USD 9 million
Business Overview

- Construction company is developing a new serviced apartment project.

- It's a truly fascinating and developing destination with the right connections.

- It's a beachfront property and located 130 km from Sri Lanka’s international airport and 60 minutes from Colombo.

- Hotel will have more than 100 units with restaurant, swimming pool, parking space.

- Our facility would have spa, wellness center, meeting rooms, gaming room, gym.

- 40% of the construction is over and remaining would be completed in 15 months.

- Our assets include land, website, domain, construction materials.

- Developer has more than 8 years of experience in construction and hotel management.

Products & Services Overview

Serviced apartment having more than 100+ rooms.

Facilities Overview

Owned 12 acres land.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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