Advisors shortlisted to find investors for Hilton and Hyatt

Thursday, 12 April 2018 00:00 - - {{hitsCtrl.values.hits}}

Four companies have been shortlisted to act as advisors to find investors to purchase the Hilton and Hyatt hotels, according to the Public Enterprise and Kandy Development Ministry.

The four companies are Hotelivate Ltd, Jones Lang Lasalle Property Consultants (India) Ltd, KPMG and Lazard Asia Ltd.

They were shortlisted from 15 companies that bid to become advisors, according to documents posted on the Public Enterprise and Kandy Development Ministry website.

State-owned Hilton and Hyatt were initially expected to be listed on the stock exchange, and are among several ventures, including Lanka Hospitals, that the Government had earmarked to be divested from State control.