Steradian Capital

W15 Escape

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  • AHANGAMA, SRI LANKA

    Investment Rational

    To add to Steradian’s leisure collection (AV15 & W15) in Sri Lanka. The site and hotel matched Western standards however, the previous owners lacked hotel management experience and thus couldn’t drive income. SCI to install management and exploit upside. Target annual occupancy of 75% and average room rate of $220.00

    Project Synopsis

    The existing hotel “The Three By TPV’ is in operation. SCI will be rebranding to (W15 Escape), upgrading the resort, running a PR exercise, installing new management and updating automotive systems to streamline operations.

    Location

    Ahangama, Sri Lanka’s South Cost.

    The Property

    A 9 room boutique hotel, set on Ahangama Hill overlooking the Indian Ocean (105 perches).

    Web site

    www.w15escape.lk