Jetwing has announced an agreement to acquire Mermaid Hotel, according to a LinkedIn post reporting the deal. The post was dated 30 October 2026. The financial terms of the transaction were not disclosed in the source.
The same post links the acquisition to a planned revival of Kalutara along the lines of Jetwing's work in Negombo, referring to a "Negombo-style revival of Kalutara." No further details on the rationale, the structure of the deal, or a timeline for completion were provided in the source material.
The announcement does not confirm that the acquisition has completed. It is an announced agreement only.