The hotel is situated on a prime 2.5-acre property in Sigiriya, Sri Lanka.
It features two main buildings:
Accommodation Building: Consisting of 10 rooms spread across two floors, designed to provide comfortable and private lodging options.
Restaurant and Bar Building: A separate, modern single-story building dedicated to housing our vibrant restaurant and bar, offering a spacious and inviting environment for patrons.
The hotel's physical infrastructure includes furniture, fixtures, and equipment (FF&E) such as furnishings, kitchen equipment, and bar furniture, ensuring operational efficiency and guest comfort.
Intangible Assets:
Licenses and Approvals:
Bar License: This license permits the legal operation of our lively bar, providing a range of beverages and hosting occasional events.
Tourist Board Approval: Endorses the hotel as a recognized and compliant tourist accommodation, enhancing credibility and attracting visitors.
Goodwill and Reputation:
The hotel enjoys an established customer base and a positive reputation within the local hospitality market, bolstered by excellent service and a strategic location near Sigiriya's tourist attractions.
Business Relationships:
Strong relationships with local suppliers ensure consistent quality and availability of products and services.
Partnerships with tourism agencies contribute to a steady flow of guests seeking a memorable stay in Sigiriya.
Brand and Marketing Materials:
Existing branding materials, signage, and marketing collateral associated with the hotel contribute to brand recognition and customer loyalty.
Financial and Operational Details:
Revenue and Expenses:
The hotel currently operates a successful bar business, generating approximately 500,000 rupees in wholesale revenue per month.
Monthly operating expenses are around 150,000 rupees, ensuring a healthy profit margin.
Ownership and Financial Status:
The hotel is a single-owner establishment, with no outstanding debts or loans, ensuring a sound financial foundation.
The owner, in his 60s, plans to move abroad, prompting the sale of the hotel to focus on personal endeavors.
Potential for Growth and Investment:
Expansion Opportunities:
The hotel presents significant potential for growth, with unused rooms and a restaurant space that could be revitalized to attract a broader clientele.
The expansive property offers room for development or additional amenities, catering to evolving guest preferences and enhancing revenue streams.