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City of Dreams Sri Lanka
Building in Colombo, Sri Lanka From Wikipedia, the free encyclopedia
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City of Dreams Sri Lanka, formerly branded as Cinnamon Life Integrated Resort, is an integrated resort in Colombo, Sri Lanka. It is the first integrated resort in Sri Lanka and the largest private investment in the country.[3][4] Designed by Sri Lankan-British architect Cecil Balmond with Hyundai Engineering and Construction as the main contractor, the resort was opened to the public on 2 August 2025.[5]
Construction of the resort began in 2014, and all buildings in the resort were topped off by May 2019. Although the resort was originally planned to be completed by 2018, the project was delayed several times due to various reasons. John Keells Holdings began handing over keys to the suites apartments in August 2021. With the handing over of residential and commercial units, revenue recognition started at Cinnamon Life. In April 2024, John Keells Holdings announced an agreement with Melco Resorts & Entertainment to operate the gaming facility of Cinnamon Life Resort, and the 687-room luxury hotel within the resort was declared on 15 October 2024.
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History
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Construction
Construction of Cinnamon Life began in 2014, with Cecil Balmond as the main architect of the project and Hyundai Engineering & Construction as the main contractor. Waterfront Properties (Pvt) Ltd, a subsidiary of John Keells Holdings, managed the property which covered 4.5 million square feet (0.42×106 m2) total floor area.[6] Over 50% of the floor area of the first residential tower was already sold by September 2016.[7] In December 2018, the 'Suites Tower' was topped off.[8]
65% of the residential tower's floor area including six penthouses out of 25 were presold by March 2019. A quarter of buyers were expatriates while 7%-8% were foreign investors, with an apartment having a starting price of US$400,000.[9] All buildings including the Cinnamon Life Integrated Resort were topped off in May 2019.[8] The project was scheduled to finish in 2018 but was eventually postponed, with completion of the Office Tower being postponed to March 2020, and the first quarter of 2023 for the hotel and retail mall. The cost of the project had also risen due to the depreciation of the Sri Lankan rupee against the US dollar. The revenue expected from the residential apartment and commercial office space would be US$250 million.[10] Construction was paused in March 2020 due to the outbreak of the COVID-19 pandemic but resumed in May 2020 while keeping up with health guidelines imposed by health authorities.[11] Prime minister Mahinda Rajapaksa paid a brief impromptu visit to the site in October 2020.[12]
In December 2020, Daily Mirror reported that Cinnamon Life Integrated Resort may get licences from the government to operate casinos within the resort.[13] On the dawn of the new year, the resort's residential tower lightened up to read "2021 Hope".[14] In February 2021, the resort's office and suites towers received the certificate of conformity and were scheduled to be handed over to occupants in March 2021.[15] John Keells Properties began handing over the keys to the suites apartments in August 2021. The apartment tower consisted of 196 units with two-four bedrooms.[16] Revenue recognition at Cinnamon Life commenced after the handing over of residential and commercial units.[17]
Inauguration
On 30 April 2024, John Keells Holdings announced that the company would be partnering with Melco Resorts & Entertainment of Hong Kong to operate the gaming facility of Cinnamon Life under a Melco's subsidiary. Melco will invest US$125 million to furnish the gaming space. As part of the agreement, the resort will be rebranded as City of Dreams Sri Lanka.[5][18] Cinnamon Life at City of Dreams Sri Lanka was on 15 October 2024.[19] On 2 August 2025, the resort was inaugurated and opened to the public.[20] Melco is hoping to attract tourists and gamblers from neighboring India with the City of Dreams Sri Lanka.[21]
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Resort
The US$850 million investment will be the largest private investment in Sri Lanka and the resort will also include 427 apartments.[4] The hotel consists of 800 rooms and twenty restaurants and bars including six specialty restaurants. A five-storied shopping mall will connect to the hotel and the resort is expected to be a hub for MICE tourism.[8]
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