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Luxury Hotels for Sale in Kandy

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Luxury Hotel for Sale in Kandy, Sri Lanka

Luxury hotel from Sri Lanka with a 65-75% occupancy rate is up for sale.
This hotel is a luxurious 5-star property located in Kandy, Sri Lanka, and is currently available for sale, with an impressive annual turnover of LKR 2 billion. - Established owners have over 20 years of experience in the hospitality industry, managing three successful hotel chains in Sri Lanka. - The hotel features 157 well-appointed rooms across various categories, including deluxe, executive deluxe, family rooms, and a magnificent presidential suite. - The hotel boasts a strong occupancy rate of 65-75%, indicating a robust demand for its luxury accommodations. - It is equipped with four expansive banquet halls capable of accommodating up to 2,000 guests, making it an ideal venue for events and weddings. - The property spans 426 perches (11,000 sqm) with a total building area of 490,000 sq ft (45,500 sqm), providing ample space for operations and guest services. - The diverse range of room options aims to cater to various customer segments, from families to business travelers seeking premium services. - Revenue is generated through room bookings, event hosting, and various hospitality services tailored to meet the needs of leisure and corporate clients. - While the employee count may appear high, approximately 300 staff are essential for daily hotel operations including housekeeping, administration, chefs, and property maintenance.
5.7   Kandy
Run Rate Sales
USD 6.6 million
EBITDA Margin
20 %
Business for Sale
USD 58 Mn
Contact Business
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Luxury Hotel for Sale in Kandy, Sri Lanka

Luxury hotel from Sri Lanka with a 65-75% occupancy rate is up for sale.
This hotel is a luxurious 5-star property located in Kandy, Sri Lanka, and is currently available for sale, with an impressive annual turnover of LKR 2 billion. - Established owners have over 20 years of experience in the hospitality industry, managing three successful hotel chains in Sri Lanka. - The hotel features 157 well-appointed rooms across various categories, including deluxe, executive deluxe, family rooms, and a magnificent presidential suite. - The hotel boasts a strong occupancy rate of 65-75%, indicating a robust demand for its luxury accommodations. - It is equipped with four expansive banquet halls capable of accommodating up to 2,000 guests, making it an ideal venue for events and weddings. - The property spans 426 perches (11,000 sqm) with a total building area of 490,000 sq ft (45,500 sqm), providing ample space for operations and guest services. - The diverse range of room options aims to cater to various customer segments, from families to business travelers seeking premium services. - Revenue is generated through room bookings, event hosting, and various hospitality services tailored to meet the needs of leisure and corporate clients. - While the employee count may appear high, approximately 300 staff are essential for daily hotel operations including housekeeping, administration, chefs, and property maintenance.
5.7   Kandy
Run Rate Sales
USD 6.6 million
EBITDA Margin
20 %
Business for Sale
USD 58 Mn
Contact Business
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