Rising Above the Tsunami Waves
January 19, 2025
Abstract
This report refers to a valuation carried out in 2008 for a hotel located in the suburbs of Colombo intended for sale. The client, who was the owner-operator of the hotel, faced a complex situation involving two legal interests in the property: leasehold and freehold. This multiplicity of interests negatively impacted the sustainability of the property’s value, necessitating advice on remedial measures. In addition to assessing the market value, it was essential to determine the rent for the portion of the property affected by the lease terms. The objective of this critical analysis is to evaluate the impact of the existing land tenure on the subject property and provide actionable advice to the client to sustain the value of the entity.
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