9 parties keen to buy Hilton Colombo

Saturday, 18 November 2023 00:45 - - {{hitsCtrl.values.hits}}

Nine parties have responded to the Expression of Interests (EOIs) to buy Hotel Developers Lanka Ltd., the owning company of popular five star Hilton Colombo, the State-Owned Enterprises Restructuring Unit (SRU) said yesterday.

The deadline for EOIs closed on Thursday and the EOIs received were considered by the Opening Committee appointed by the special Cabinet appointed Negotiating Committee.

“The 9 EOIs will be evaluated as per the special guidelines on divestiture of State-Owned Enterprises approved by the Cabinet of Ministers in July 2023,” SRU said.

Colliers International Consultancy and Valuation (Singapore) Ltd. and its advisory partner Platinum Advisors Ltd., as transaction advisors for the divestiture of Hotel Developers will continue to advise the Government.

The Government acting through The Ministry of Finance, Economic Stabilisation and National Policies on 9 October, called for EOIs from potential investors for the acquisition of shares in Hotel Developers Lanka.