Citrus

Citrus Leisure PLC is a well-established player in Sri Lanka with over 14 years of experience in the hospitality sector. The company is listed on the Colombo Stock Exchange and is the parent company of a further seven entities, some of which are also listed.

Citrus Leisure PLC owns and operates two resort properties and a business boutique hotel in Sri Lanka - Citrus Waskaduwa, a 150 roomed 4-star beach resort, Citrus Hikkaduwa - a 90 roomed, 3-star beach resort and The Steuart by Citrus - a business boutique hotel in Colombo comprising of 50 rooms. Citrus also manages Sri Lanka's tallest and very first revolving restaurant 'Blue Orbit' and 'Cosmic' banquet hall at the iconic Colombo Lotus Tower, the tallest structure in South Asia and will shortly launch a lounge bar at the venue. In addition, it operates two stand-alone restaurants and two tea lounges; &Co Pub and Kitchen, Ceylon Curry Club and Heladiv Tea Club in Colombo and Galle.

The company is known for its superior strengths in delivering an excellent experience that covers the entire hospitality spectrum from luxury accommodation, mouthwatering cuisine, outstanding restaurants, and engaging events to glamorous banqueting facilities. Citrus prides itself on creating magical, memorable moments for guests through a personalised service offering with attention to detail.

The company's leadership comprises a mix of veteran hoteliers with decades of experience in the tourism sector and a youthful team with exposure to many aspects of tourism management as well as international tourism brands. The company works with over 100 foreign tour operators and over 300 local agents and all major online travel platforms. Over the years the hotels and the team have been recognised at multiple award shows and have won many accolades from online travel platforms.

Citrus Leisure holds valuable tourism assets such as two beach properties in Pasikudah and Kalpitiya, which await development when the opportunity arises. Citrus Kalpitiya spans 78 acres, of which 43.3 acres is free hold and the rest is on a 99 year renewable lease. The property enjoys almost one kilometre of pristine beach and has a water body flowing through it. The 12 acre property in Pasikudah, one of the best beaches in Sri Lanka, is within the Tourism Zone and could be developed once infrastructure to Pasikudah is improved. It is one of the only private free hold properties within the Pasikudah Bay.

Furthermore, the company has a presence in the real estate development sector through an investment in a 20.2% shareholding of Colombo Land and Development Company PLC, a pioneering public private partnership in Sri Lanka between a Singaporean company and the Urban Development Authority. The Colombo Land and Development Company developed Sri Lanka's oldest mixed development project, Liberty Plaza, and holds valuable real estate within the commercial hub of Colombo, some of which could be available for a large scale mixed development in the near future.