{"id":336,"date":"2026-11-09T07:46:31","date_gmt":"2026-11-09T07:46:31","guid":{"rendered":"https:\/\/sripuwath.com\/index.php\/2026\/11\/09\/sri-lankas-citrus-leisure-extends-lotus-tower-management-pact\/"},"modified":"2026-11-09T07:46:31","modified_gmt":"2026-11-09T07:46:31","slug":"sri-lankas-citrus-leisure-extends-lotus-tower-management-pact","status":"publish","type":"post","link":"https:\/\/sripuwath.com\/index.php\/2026\/11\/09\/sri-lankas-citrus-leisure-extends-lotus-tower-management-pact\/","title":{"rendered":"Sri Lanka\u2019s Citrus Leisure extends Lotus Tower management pact"},"content":{"rendered":"

ECONOMYNEXT \u2013 Sri Lanka listed hospitality firm Citrus Leisure said it has extended an agreement to manage consumer-facing and entertainment spaces at the Colombo Lotus Tower, which includes revolving restaurant Blue Orbit, until June next year.<\/p>\n

The initial agreement signed between Citrus Leisure and Colombo Lotus Tower Management Company (Private) Limited (CLTMC) is due to expire on December 11.<\/p>\n

\u201cThe Board of Directors of CLTMC at meeting held on 2nd November 2026 has resolved to extend the term of the Management Agreement and continue the existing Management Agreement until 30th June 2027, to which the company has given its concurrence,\u201d the company said in a market filing<\/a>.<\/p>\n

Citrus Leisure Plc opened its revolving restaurant at the Lotus Tower in December 2023.<\/p>\n

The company signed a 3-year agreement with CLTMC in May 2023<\/a> to provide services in the management of (l) the banquet hall 1 on the 25th floor, (2) the banquet hall 2 on the 26th floor, (3) the revolving restaurant on the 27th floor, (4) the 6 suites situated on the 28th floor and the kitchen in the basement floor of the Colombo Lotus Tower.<\/p>\n

The 350-meter or 1,150-feet tower, the tallest in South Asia, was built at a cost 104.3 million US dollars with 80 percent of the money borrowed from Exim Bank of China.<\/p>\n

Located in the commercial heart of Colombo, the tower has been called a symbolic landmark of Sri Lanka as well as a colossal white elephant and has been mired in controversy for years. (Colombo\/Nov9\/2026)<\/p>","protected":false},"excerpt":{"rendered":"

ECONOMYNEXT \u2013 Sri Lanka listed hospitality firm Citrus Leisure said it has extended an agreement to manage consumer-facing and entertainment spaces at the Colombo Lotus Tower, which includes revolving restaurant […]<\/p>\n","protected":false},"author":1,"featured_media":7,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised"],"_links":{"self":[{"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/posts\/336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/comments?post=336"}],"version-history":[{"count":0,"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/posts\/336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/media\/7"}],"wp:attachment":[{"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/media?parent=336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/categories?post=336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sripuwath.com\/index.php\/wp-json\/wp\/v2\/tags?post=336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}