PROJECT REPORT
ECO-FRIENDLY DIGITAL NOMAD RESORT
DEVELOPMENT PROJECT
HOME TREE CO WORKING (PVT) LTD – HIRIKETIYA
1. EXECUTIVE SUMMARY
Home Tree Co Working (Pvt) Ltd proposes to develop an eco-friendly digital nomad resort in
Hiriketiya, one of Sri Lanka's fastest-growing tourism destinations. The proposed development
consists of six chalet blocks containing 24 guest rooms together with co-working facilities,
wellness spaces, landscaped gardens, recreational areas and supporting infrastructure.
The total project investment is estimated at Rs. 1,000 Million, financed through a combination of
Bank of Ceylon Term Loan of Rs. 500 Million and company’s Equity Contribution of Rs. 500
Million.
The project aims to capitalize on the rapidly growing global digital nomad market and increasing
tourist arrivals to Sri Lanka. The resort will provide high-quality accommodation, remote
working facilities, wellness experiences and community-oriented hospitality services.
2. COMPANY PROFILE
Name of Company
HOME TREE CO WORKING (PVT) LTD
Date of Incorporation
06 October 2018
Nature of Business
Tourism, hospitality, accommodation services, co-working facilities and sustainable tourism
development.
Share Holders
The company is promoted by an experienced business group with substantial investments in
hospitality, tourism, transport, real estate and diversified commercial activities. The promoters
possess extensive managerial expertise, financial strength and proven entrepreneurial
capabilities.
Financial Strength of Sponsors
The promoters have demonstrated substantial financial capacity through ownership of hotels,
commercial properties, fuel stations, transportation businesses and other profitable ventures.
Their contribution of Rs. 500 Million equity reflects strong commitment towards the successful
implementation of the project.
3. PROJECT JUSTIFICATION
Sri Lanka's tourism sector has shown significant recovery and long-term growth potential.
Hiriketiya has emerged as one of the country's most attractive destinations for:
• International tourists
• Digital nomads
• Remote workers
• Surfers
• Wellness travellers
• Long-stay visitors
The demand for high-quality accommodation integrated with co-working facilities continues to
increase globally. The project is designed specifically to address this market segment while
maintaining environmental sustainability and community engagement.
4. LOCATION ANALYSIS
Project Location
Pehembiya Road,
Hiriketiya,
Southern Province,
Sri Lanka.
Strategic Advantages
• Walking distance to Hiriketiya Beach.
• Walking distance to Dickwella Beach.
• Direct access from Matara-Tangalle Main Road.
• Developed tourism ecosystem.
• Close proximity to restaurants, cafés, bars and wellness centres.
• Attractive destination for international travellers.
Existing Infrastructure
• Carpeted road access.
• National electricity supply.
• Fibre telecommunication connectivity.
• Ground water source.
• Established tourism support services.
5. PROJECT DESCRIPTION
The proposed development comprises:
Accommodation Facilities
Six chalet buildings containing:
• 24 fully furnished guest rooms.
• High-speed internet connectivity.
• Dedicated workspaces.
• Air-conditioned rooms.
• Modern bathroom facilities.
Common Facilities
• Reception area.
• Co-working centre.
• Outdoor lounge areas.
• Landscaped gardens.
• Recreational spaces.
• Parking facilities.
• Housekeeping facilities.
• Staff accommodation and service areas.
Design Concept
The resort will combine:
• Sustainable architecture.
• Eco-friendly construction.
• Modern hospitality standards.
• Digital nomad facilities.
• Wellness-oriented environment.
• Community-based tourism principles.
6. CONSTRUCTION PLAN
Construction Components
Component Estimated Cost (Rs. Mn)
Land Development 40
Chalet Construction 450
Common Areas 60
Internal Roads & Parking 25
Landscaping 20
Water & Drainage Systems 15
Electrical Installations 25
Telecommunication Infrastructure 10
Furniture & Fittings 120
Machinery & Equipment 80
Vehicles 30
Contingencies 25
Working Capital Margin 100
Total 1,000
7. ENVIRONMENTAL MANAGEMENT
PLAN
The project is designed as a sustainable tourism development.
Key environmental initiatives include:
• Preservation of existing trees.
• Additional tree planting programme.
• Solar power integration.
• Rainwater harvesting.
• Energy-efficient appliances.
• Waste segregation systems.
• Sustainable construction materials.
• Wastewater treatment through approved soakage systems.
• Biodiversity enhancement programmes.
The project is expected to have minimal environmental impact while improving green cover
within the property.
8. OPERATIONAL PLAN
Room Inventory
24 Rooms
Expected Average Occupancy
Year 1 – 55%
Year 2 – 65%
Year 3 – 75%
Average Room Rate
Rs. 30,000 per room per night
Revenue Sources
• Room income.
• Long-stay accommodation.
• Co-working memberships.
• Wellness programmes.
• Food & beverage income.
• Tour and excursion commissions.
• Event hosting.
9. MARKETING STRATEGY
Target Customers
• International digital nomads.
• Remote workers.
• European tourists.
• Australian tourists.
• Surf enthusiasts.
• Wellness travellers.
• Long-stay visitors.
Marketing Channels
• [Link]
• Airbnb
• Expedia
• Agoda
• Social media marketing
• Influencer partnerships
• Travel blogs
• Direct website bookings
• Corporate partnerships
Competitive Advantages
• Prime location.
• Dedicated digital nomad concept.
• Co-working facilities.
• Eco-friendly operations.
• High-speed fibre internet.
• Attractive community atmosphere.
10. EMPLOYMENT GENERATION
The project is expected to create approximately 40–50 direct employment opportunities.
Staff Categories:
• Resort Manager
• Front Office Staff
• Housekeeping Staff
• Maintenance Staff
• Security Personnel
• Gardening Staff
• Food & Beverage Personnel
• Administrative Staff
Indirect employment opportunities will also be created through local suppliers, transport
providers, tour operators and service providers.
11. FINANCIAL PLAN
Total Project Cost
Rs. 1,000 Million
Means of Finance
Source Amount (Rs. Mn)
Sponsor Equity 500
Bank of Ceylon Term Loan 500
Total 1,000
Proposed Loan Facility
Purpose:
Construction of Eco-Friendly Resort Development Project.
Facility Type:
Term Loan
Amount:
Rs. 500 Million
Repayment Period:
15 Years including grace period.
Security:
Mortgage over project property and other collateral acceptable to the Bank.
12. PROJECT BENEFITS
Economic Benefits
• Increase foreign exchange earnings.
• Promote tourism development.
• Generate employment opportunities.
• Support local SMEs and suppliers.
• Enhance regional economic activity.
Social Benefits
• Knowledge transfer through digital nomad community.
• Community development initiatives.
• Cultural exchange opportunities.
• Skills development programmes.
Environmental Benefits
• Sustainable tourism model.
• Biodiversity enhancement.
• Reduced carbon footprint.
• Conservation of natural resources.
13. CONCLUSION
The proposed Hiriketiya Eco-Friendly Digital Nomad Resort Project is financially viable,
environmentally sustainable and strategically positioned within a rapidly growing tourism
destination. The project demonstrates strong market demand, experienced sponsorship,
substantial equity commitment and significant economic benefits. Accordingly, the project is
considered suitable for long-term bank financing of Rs. 500 Million.
This format is appropriate for a Bank of Ceylon credit proposal, project appraisal report, or
submission to DNC/CHQ for approval of the Rs. 500 Mn term loan facility.