Colombo, Sri Lanka — Citrus Leisure PLC, formally Hotel Reefcomber PLC has recently acquired 2 separate plots of land and planning permission for a four star high-end resort comprising 28 water front luxury villas, and a 150 room hotel in Kalpitiya, Sri Lanka. The water front villas will take advantage of the 700 meter beach front at Santhoduwa – Kalpitiya, a stock exchange filing said this week.
The company has finalised the purchase of land called Santhoduwa at Santhoduwa Village in Akkarai Pattu within the Secretariat Division and Pradeshiya Sabha limits of Kalpitiya for a little more than UK£400.000. The land extent is around 42.5 acres.
Citrus Leisure PLC also entered into a 99 years lease rental agreement with Asia Sports Management (Pvt.) Ltd. amounting to £325.000 for a 35 acre plot of land also situated in Santhoduwa, the stock exchange filing said.