City Hotel Project

Perahara Mawatha-Colombo 02

Colombo 02

LOCATION

2R 35.95P

Land Extent

USD 50 Mn

Minimum Investment

Project Overview

This property is identified as a potential city hotel development, with the financial and technical assistance of the private sector, using the Design – Build – Finance – Own – Operate (DBFOO) model for a city hotel. The city hotel development will include recreational facilities such as a swimming pool, a conference hall, a spa, a bar or lounge and other guest amenities using modern architecture.

The project value is estimated at USD 50Mn

The project is expected to commence in 2022

Main access would be from Perahara Mawatha and is in close proximity to the port, educational institutes, cultural landmarks, financial centers and major transportation facilities.

Readily available water, electricity, sewer and wastewater lines etc.

Project/Ownership Structure

Project company can facilitate potential partnerships with interested parties on a DBFOO model locally and internationally and it is offered on a 50-year lease  

Project incentives:

Government Tax Concessions
Speedy approval process with the assistance of the UDA
Readily available basic infrastructure to the site
Government assured land tenure security

Geographical Location: Located within the heart of the city and close proximity to CBD, is an ideal metro location with walking distance to shopping malls, restaurants and major hospitals.