Citrus Silver Limited, a fully owned subsidiary of Citrus Leisure PLC entered into a Sub Lease Agreement with George Steuart and Company Limited on Friday (19), to obtain a Sub Lease of the premises bearing Assessment No. 45, Janadhipathi Mawatha, Colombo 1 (formerly known as 'Steuart House') for a period of two years from 1st June 2015 at a total rental of Rs 132,300,000 (with the option for renewal for a further period of two years at the expiry of the initial term) to operate a Boutique Business Hotel comprising fifty (50) rooms under the name of 'The Steuart by Citrus.'
The Sub-Lessor, George Steuart and Company Limited (George Steuart) is a subsidiary of Divasa Equlity (Pvt) Ltd, which owns 9.92% of Citrus Leisure PLC. Further, the Sub-Lessor, George Steuart is the single largest shareholder of Citrus Leisure PLC, hodking 28.45% of the issued shares of the Company.
The Boutique Business Hotel 'The Steuart by Citrus' will be declared open on the 26 June 2015.
www.ceylontoday.lk
The Sub-Lessor, George Steuart and Company Limited (George Steuart) is a subsidiary of Divasa Equlity (Pvt) Ltd, which owns 9.92% of Citrus Leisure PLC. Further, the Sub-Lessor, George Steuart is the single largest shareholder of Citrus Leisure PLC, hodking 28.45% of the issued shares of the Company.
The Boutique Business Hotel 'The Steuart by Citrus' will be declared open on the 26 June 2015.
www.ceylontoday.lk
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