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Hotel for Sale in Maharagama, Sri Lanka

For sale: Non-operational halfway-built hotel with 4 floors located in Sri Lanka.

Established 30-40 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Hotels
Locations  Maharagama
Local Time 5:08 AM Asia / Colombo
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 340 thousand (Native Currency: LKR 100,000,000)
Reason: Losses were made due to the easter bombing and the COVID pandemic.
Includes physical assets worth USD 340 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview

- Hotel that has been built halfway and in non-operational.

- The property has a hotel building, an old house, a water well, a jackfruit tree, and a mango tree along with an access road only 10 feet wide.

- Property has pipe water and 3-phase electricity with another single line for the old house.

- There are 4 floors in the business with a measurement of 1,500 Sq. Ft. each.

- Promoter has experience in the tourism industry.

- Business does not have any approvals or licenses as the business never started.

Products & Services Overview

Business was planning to provide accommodation, a restaurant and an indoor facility.

Assets Overview

The assets include the property and the half-built hotel.

Facilities Overview

6 perch plot in 23 perch land with a 4-floor building located in Navinna. The land and building is owned by the business.

Capitalization Overview

This property is owned by the owner and there are no partnerships or shareholders to the property. And there are no liabilities on this property.

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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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