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Citrus Leisure extends Lotus Tower management deal to June 2027

Citrus Leisure PLC yesterday said it has secured a six-month extension to its management agreement covering consumer-facing and entertainment facilities at the Colombo Lotus Tower, including its revolving restaurant Blue Orbit, until 30 June 2027.

The company said the extension was approved by the Board of Colombo Lotus Tower Management Company Ltd. (CLTMC) at a meeting held on 2 November, with Citrus Leisure agreeing to continue under the existing terms.

The current agreement is due to expire on 11 December 2026

Citrus Leisure initially entered into a three-year management agreement with CLTMC in May 2023 to operate several facilities at the 350-metre tower, including two banquet halls on the 25th and 26th floors, the revolving restaurant on the 27th floor, six suites on the 28th floor and the basement kitchen. The company opened Blue Orbit in December 2023, adding a dining and entertainment attraction to the country’s tallest tower.

The 1,150-foot Colombo Lotus Tower, rerded as a landmark infrastructure project, was built at a cost of $ 104.3 million, with 80% of the financing provided through loans from China’s Exim Bank.