Sri Lanka is still negotiating the price to sell Hotel Developers Lanka Ltd, the owning company of Colombo Hilton with the company that submitted the financial bid, the State-Owned Enterprises Restructuring Unit said.
Though four parties that were pre-qualified, only one Melwa Hotels & Resorts (Pvt) Ltd, submitted an offer, the SRU said earlier in July.
Th negotiations are not yet concluded and the price has not yet been finalized.
Offers and bids are evaluated by two Cabinet appointed committees that are independent of the SOE Restructuring Unit. These are the Special Project Committee, and the Special Cabinet Appointed Negotiation Commitee (SpCANC).
