Citrus Leisure PLC is a hotel chain in Sri Lanka. The hospitality company owns and operates Citrus Waskaduwa, Citrus Hikkaduwa and the Steuart by Citrus. The company was incorporated as Hotel Reefcomber Limited in 1973. In 2010, the company was rebranded as Citrus Leisure when Dilith Jayaweera and Varuni Fernando of Triad Advertising bought a stake in the company. In 1984, the company was quoted on the Colombo Stock Exchange.
History
Citrus Hikkaduwa was incorporated in 1973 as Hotel Reefcomber Limited. Hotel Reefcomber was listed on the Colombo Stock Exchange in 1984. The hotel company was rebranded as Citrus Leisure PLC in 2010. Sri Lankan entrepreneur, Dhammika Perera acquired the hotel in 2004 for LKR26 million. Perera divested the hotel for LKR328 million in 2010. Dilith Jayaweera and Varuni Fernando of Triad Advertising acquired a stake in the company in the same year.[2] The Criminal Investigation Department opened an investigation in 2013 on a land purchase by Citrus Leisure in 2013. Citrus Leisure purchased land in Pasikudah for LKR139 million for a new resort called Passikudah Beach Resort. The ownership of the land was disputed in court by two Swiss nationals.[3]