Archive · 20 Jan 2026
Sri Lanka Invites Bids for Canwill Holdings Divestiture
The Government of Sri Lanka wants to sell its 100% ownership of a company called Canwill Holdings.
This company owns two hotels: Sinolanka and Helanco.
The Sinolanka hotel is a big, fancy building in the middle of Colombo, the capital city.
It has 47 floors with 458 rooms and 100 apartments.
The building is almost done, but the new owner will have to finish some parts.
The government has asked a company called Deloitte to help with the sale.
People who want to buy this company have to say they're interested by February 16, 2026.
The hotel is right by the ocean and has great views of the city and the sea.
The Government of Sri Lanka is selling its 100% stake in Canwill Holdings (Pvt) Ltd, which owns Sinolanka and Helanco hotels.
Sinolanka is a 47-storey, 5-star hotel in Colombo's Central Business District with 458 rooms and 100 serviced apartments.
The property is located on 2.32 acres of prime oceanfront real estate with views of key Colombo landmarks.
The divestiture process is being managed by Deloitte Touche Tohmatsu India LLP (DTTILLP) as the transaction advisor.
Interested parties must submit their expressions of interest by 16th February 2026, 2 PM Sri Lankan Standard Time.
- Who
- Government of Sri Lanka (GoSL)
- What
- Divestiture of 100% shareholding in Canwill Holdings (Pvt) Ltd
- When
- Submission deadline: 16th February 2026, 2 PM Sri Lankan Standard Time
- Where
- Colombo, Sri Lanka
- Why
- To restructure and complete the development of the Sinolanka property
- Company
- Canwill Holdings (Pvt) Ltd
- Shareholding
- 100%
- Subsidiaries
- Sinolanka Hotels & Spa (Pvt) Ltd, Helanco Hotels & Spa (Pvt) Ltd
- Property
- 47-storey structure with 458 rooms and 100 serviced apartments
- Location
- Central Business District, Colombo, Sri Lanka
- Land Area
- 2.32 acres
- Transaction Advisor
- Deloitte Touche Tohmatsu India LLP (DTTILLP)
- Submission Deadline
- 16th February 2026, 2 PM Sri Lankan Standard Time