Four parties have been shortlisted by the Ministry of Public Enterprise and Kandy Development for the position of advisor to seek suitable investors for the sale of government stakes in the Hilton and Grand Hyatt hotels. The four are Hotelivate Pvt Ltd-India, Jones Lang Lasalle Property Consultants (India) Pvt Ltd, KPMG-Colombo and Lazard Asia Ltd [...]

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Four shortlisted on proposed Hilton, Hyatt sale

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Four parties have been shortlisted by the Ministry of Public Enterprise and Kandy Development for the position of advisor to seek suitable investors for the sale of government stakes in the Hilton and Grand Hyatt hotels.

The four are Hotelivate Pvt Ltd-India, Jones Lang Lasalle Property Consultants (India) Pvt Ltd, KPMG-Colombo and Lazard Asia Ltd -Singapore, official sources said.

They were picked from a list of 15 companies that earlier submitted an RFP as “Transaction Advisor” for the two hotels. The others were Fenek Ltd, Dubai; PWC, Singapore; Colliers International (Singapore) PTE Ltd Singapore; Mayer Brown JSM Singapore PTE, Singapore; Acuity Partners (Pvt) Ltd, Colombo; RKF Hotel Experts GMBH, Austria; Savills (Singapore) PTE Ltd; Deloitte Touche Tohmatsu India, LLP, India; CIMB Investment Bank Berhad, Malaysia; Capital Alliance Partner Ltd, Colombo and YSP Advisors (Pvt) Ltd, Colombo.

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