Nine investors keen to acquire Hilton Hotel

Nine EOIs (Expressions of Interest) have been received from potential investors for the acquisition of shares in Hotel Developers Lanka Limited (Hilton Hotel), a statement from the State Owned Enterprises Restructuring Unit said.
According to the statement, the government, acting through The Ministry of Finance, Economic Stabilisation and National Policies called for Expressions of Interest (EOI) on October 9 from potential investors for the acquisition of shares in Hotel Developers Lanka Limited.

The deadline for submission of proposals ended at 2.00 pm last Thursday.

“The EOIs received were considered by the Opening Committee appointed by the Special Cabinet Appointed Negotiating Committee. nine EOIs were received and will be evaluated as per the Special Guidelines on Divestiture of State-Owned Enterprises approved by the Cabinet of Ministers in July 2023. Colliers International Consultancy & Valuation (Singapore) Pte Ltd and its advisory partner Platinum Advisors Pte. Ltd, as Transaction Advisors for the divestiture of Hotel Developers Lanka Limited, will continue to advise GoSL,” the statement said.