- Citrus Leisure PLC announced yesterday that it has secured a six-month extension to its management agreement at the Colombo Lotus Tower.
- The extension covers consumer-facing and entertainment facilities, including the revolving restaurant Blue Orbit, and runs until 30 June 2027.
- The Board of Colombo Lotus Tower Management Company Ltd. (CLTMC) approved the extension at a meeting on 2 November.
- Citrus Leisure has agreed to continue under the existing terms.
- The current agreement was due to expire on 11 December 2026.
Background
- Citrus Leisure first entered a three-year management agreement with CLTMC in May 2023.
- Facilities under the agreement include:
- Two banquet halls on the 25th and 26th floors
- The revolving restaurant on the 27th floor
- Six suites on the 28th floor
- The basement kitchen
- The company opened Blue Orbit in December 2023, adding a dining and entertainment attraction to the country’s tallest tower.
About the Tower
- The Colombo Lotus Tower stands 350 metres (1,150 feet) tall.
- It is regarded as a landmark infrastructure project.
- It was built at a cost of $104.3 million.
- 80% of the financing came from loans from China’s Exim Bank.
