Selendiva Investments calls for EOIs to develop GOH, York Building

Thursday, 23 December 2021 00:24 - - {{hitsCtrl.values.hits}}

Selendiva Investments Ltd. has called for Expressions of Interest (EoIs) from foreign and local investors for the development of the over 150-year-old colonial heritage properties, the Grand Oriental Hotel (GOH) and the York Building, which are part of the integral development in the proposed ‘Heritage Square’

in Colombo.

The objective of the initiative to refurbish and restore York Building which houses the famed and historically renowned GOH is to pay tribute to its former glory.

As per sources from the Finance Ministry, the refurbishment project is expected to have 110 luxury rooms, five conference rooms and five food and beverage (F&B) outlets. The building will also have 26 high-street retail outlets and 30 branded residents/suites.

The prospective investors should have a proven track record of investments in developing assets in the hospitality sector and the desire to partner with SOEs for its development. Interested investors should submit their EOIs on or before 10 January 2022.

Selendiva Investments Ltd. is a State-owned Enterprise (SOE) and has the Treasury Secretary of the Finance Ministry as the sole shareholder. It was formed in 2020, following approval of the Cabinet of Ministers to restructure selected assets in the hospitality industry under a Special Purpose Vehicle (SPV) – Selendiva Leisure Investments Ltd. – by attracting investors and operational experts.