COLOMBO, Sri Lanka, Jan. 20, 2026 — The Government of Sri Lanka (GoSL) plans to divest its 100% shareholding in Canwill Holdings (Pvt) Ltd, the parent company of Sinolanka Hotels & Spa (Pvt) Ltd (Sinolanka) and Helanco Hotels & Spa (Pvt) Ltd (Helanco). This divestiture will be executed via the Ministry of Finance, Planning and Economic Development, with Deloitte Touche Tohmatsu India LLP (DTTILLP) appointed as Transaction Advisor.

SINOLANKA: Owns a premium landmark hospitality asset in Colombo’s Central Business District, built to international 5-star standards. The property’s superstructure is fully completed, and the remaining works will be finished by the successful investor.

The oceanfront property offers what is arguably Colombo’s best vantage point, with views of Colombo Port City, Port of Colombo, Galle Face Green, Lotus Tower, and the lush emerald hinterland.

The asset features an impressive 47-storey structure housing 458 rooms and an additional 100 serviced apartments, all situated on 2.32 acres of prime oceanfront real estate.

The divestiture will follow a two-stage process. Interested parties are invited to access the Request for Expression of Interest document from the following website:

For additional information, please contact:

The deadline for submitting Expressions of Interest is Monday, 16th February 2026, at 2 PM Sri Lankan Standard Time (14:00 hours).

Media Contacts:

i. Sandeep Negi, Partner – Strategy, Risk & Transactions, +91-9810853754
ii. Arpan Seal, Associate Director – Strategy, Risk & Transactions, +91-9004000274
iii. Abhishek Kalupathirana, Transaction Team Lead, State-Owned Enterprise Restructuring Unit,

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SOURCE Government of Sri Lanka (GoSL)