The document proposes a six star hotel and public facility center located on waterfront land near Beira Lake in Colombo. The development would include a 196-perch site with a 370,000 square foot building containing 220 hotel rooms across 23 floors. It would have extensive public facilities including parks, a water bus terminal, water sports center, and other amenities. The development aims to cater to both business and leisure travelers while providing recreational facilities for public use and enjoyment of the Beira Lake area. It is estimated to generate over 450 jobs and 700 million in annual food/services revenue while contributing taxes of over 500 million per year.